PSX Trading Activity Overview:
The Bench Mark KSE100 Index Opened at 40954.22 and posted day high of 41065.00, dropped back towards day low of 40668.82 during last trading session while session suspended at 40924.14 with net change of -30.08 points and trading volume of 166.69 million shares. Daily trading volume of KSE100 listed companies increased by 2.15 million shares or 1.31% on DOD bases. Market Capitalization of KSE100, ALLSHR and KSE30 Indices dropped by 2.05, 1.64 and 1.33 billion Rs respectively on DOD bases during last trading session.
Foreign Investors remain in net selling of 5.4 million shares and net value of Foreign Inflow dropped by 2.9 million US Dollars during last trading session. Categorically Foreign Corporate Investors and Overseas Pakistanis remain in net selling of 3.14 and 2.45 million shares but Foreign Individuals remain in net buying of 0.19 million shares. While on the other hand Local Individuals, Mutual Funds and Brokers have added 70.88, 3.0 and 4.9 million shares respectively to their buying but Local Companies and banks offloaded their positions by 23.48 and 49.78 million shares respectively.
Trading Volume of Foreign Investors is pilling up in selling side on Month till date bases as Foreign Investors remain in net selling of 10.12 million shares collectively and Foreign Inflow have been dropped by 13.86 million US Dollars during this month. Overseas Pakistanis are trying to maintain their holdings by adding 7.33 million shares but Foreign Corporate and Individual Investors are offloading their holdings as shown in table below.
Foreign Investors remain in net selling of 5.4 million shares and net value of Foreign Inflow dropped by 2.9 million US Dollars during last trading session. Categorically Foreign Corporate Investors and Overseas Pakistanis remain in net selling of 3.14 and 2.45 million shares but Foreign Individuals remain in net buying of 0.19 million shares. While on the other hand Local Individuals, Mutual Funds and Brokers have added 70.88, 3.0 and 4.9 million shares respectively to their buying but Local Companies and banks offloaded their positions by 23.48 and 49.78 million shares respectively.
Trading Volume of Foreign Investors is pilling up in selling side on Month till date bases as Foreign Investors remain in net selling of 10.12 million shares collectively and Foreign Inflow have been dropped by 13.86 million US Dollars during this month. Overseas Pakistanis are trying to maintain their holdings by adding 7.33 million shares but Foreign Corporate and Individual Investors are offloading their holdings as shown in table below.
| Month Till Date Foreign Investors Portfolio | |||||
|---|---|---|---|---|---|
| Rep_Type | Buy Volume | Sell Volume | Net Volume | Net Value | USD Value |
| FOREIGN INDIVIDUAL | 1032840 | -6322524 | -5289684 | -94407033 | -899110 |
| FOREIGN CORPORATES | 78168734 | -90320371 | -12151637 | -1746903414 | -16637173 |
| OVERSEAS PAKISTANI | 180962133 | -173636451 | 7325682 | 386505961 | 3681007 |
| Grand Total | 260163707 | -270279346 | -10115639 | -1454804483 | -13855279 |
PSX Daily Technical Overview
KSe100 Index is bouncing back after posting day low of 40668.82 points which falls on a horizontal supportive region of 40660 points right now curde oil prices also have penetrated their resistant region of 51.68 USD/bbl in upward direction and now its goining to target 52.54 USD/bbl which will inject some fresh air in PSX after three trading sessions of bearish trend. But as long as 41537 points region is sustained as resistace it can not be expected that KSE100 Index have entered in bullish zone. Downward penetration of 40660 will call for 40339 and 40113 points in downside direction.Crude Oil prices have shown some positive move on news of US Oil stocks shortage figures during last week so its not a solid reason for a long run therefore it can be expected that crude oil prices rally will come to an end any time which can shock PSX recovery any time.
To Open picture in original resolution right click image and then click open image in a new tab
PSX Weekly Technical Overview
On Weekly Charts KSE100 Index have generated a bullish engulfing pattern but negative effects of last evening start still have not been disappeared. It also have penetrated its bullish trend channel in negative direction and right now its cagged in a bullish wedge. Downward penetration of that wedge will call for a downfall of around 1000 Points.
To Open picture in original resolution right click image and then click open image in a new tab
PSX Comparison with Int. Indices:
0 Comments
No comments yet. Be the first to comment!
Please log in to leave a comment.