Morning Chronicle issued by Adeel and Nadeem Securities Limited

Karachi, November 16, 2012 (PPI-OT): KSE–100 INDEX:-
The KSE-100 share index closes the day at 16,120.52.With decrease of -9.52 points (-0.06%).

According to Adeel and Nadeem Securities Limited, the intra-day range of The KSE-100 index for the session was 16082.70 – 16173.97. Total shares traded during the session however decreased by 143.54 million shares from the previous turnover of 156.98 Million shares. The KSE-100 share index opened the Session at 16134.74 with +05.00 point plus.152 scripts in the positive zone, 136 in the negative zone, while the value of 66 scripts remained unchanged.

LSE–25 INDEX decrease -8.99 points close with 3923.54. 21 stocks UP, 19 stocks down and 05 stocks remain unchanged. VOLUME LEADER (MLCF) closes 11.31 +1.00. Volume 698,100.

The KSE-100 share index has entered the 16,250 is a very crucial area and there are chances of market rebound or at least a correction from there. If index bullish it on closing basis then next target will be 16,500. The best Strategy is to buy on weakness and partial profit taking on strength in current scenario.

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