Sunday, October 18, 2009

Market Close !

Equities bounced back to close higher above 9800 amid talk stock market regulator may accede to broker pressure to ease margin requirements for the new risk management system. PSO attracted most volumes in early trading on hopes of better earnings during 1QFY10 to be announced on 23 October. Volumes picked up today after two dull sessions with activity mainly Oil stocks as POL, trading SPOT (PKR10/sh Cash payout) gained. FFBL also in focus hit upper lock on the back of better DAP off take and higher payout expectation in the coming 1Q results. Holding stocks AHSL and JSCL performed exceptionally well leading the volumes ahead of results.

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