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Daily Morning Call Market Summary


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Reply to topic    Forum Pakistan - Pakistani Forums Home » Stock Exchange
Daily Morning Call Market Summary
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bilalsubhani
Pak Newbie


Joined: 03 May 2009
Posts: 3

Daily Morning Call Market Summary
RAGING BULLS!!

Yesterday’s market session was a true interpretation of the notion that a market with its underlying fundamental strength never ceases an opportunity to elevate its level close to the investor sentiments. The impressive performance of the KSE100 index was initially triggered by speculation that the State Bank of Pakistan will reduce its benchmark rate by 100-150 basis points in the forthcoming monetary policy. The market confidence was further restored by heavy foreign investments, which shifted their positions from net sellers to net buyers of US$4.5 million. Total traded volume reached 196.62 million shares compared to 148.79 million shares on Friday. Among the best performing sectors, oil, banking and textile were on the top of the list.

Bank Alfalah was the most active stock by volume with a total volume of over 24 million shares followed by Pakistan Telecommunications with a total volume of over 12.8 million shares.

We maintain our bullish view for the KSE100 index and believe that the underlying growth potential and fundamental valuations can outperform other local and regional benchmarks. However, a bullish market is always surrounded by risks attached with its performance, we believe that the security situation in the country could still have a major impact to diverge investor’s investment influx, mainly foreign institutions, to other regions and markets with comparatively less returns and capital growth but fewer and insignificant risks. Having said that, we also believe that based on the comparative growth-return analysis, KSE100 index still secures a leading position and a promising outlook amongst regional portfolio.
Tue Nov 17, 2009 10:47 am View user's profile Send private message
bilalsubhani
Pak Newbie


Joined: 03 May 2009
Posts: 3

Morning Call Market Summary Nov 18th, 2009 Reply with quote
SLOW & LOW BUT STEADY!!

Sentiments pervaded to the red territory, disappointment and discontent across the board, KSE100 fell for the first time in five days!

Everyone likes a shining star, the market fell by a meager 1.07% after gaining more than 5% in previous five positive sessions. This does not fundamentally conclude as a sign of weakness or more adversely as a selling spree, instead the move yesterday can be construed as a typical breather, which a rich market usually takes before it touches new highs or else.

We have maintained our bullish view on the market based on its strong fundamentals, cheap and comparatively attractive valuations and the underlying growth potential of the country in the region. The current economic and leading indicators all point high. The inflation in the country is expected to decline to a single digit after a 22 months gap and if SBP restates its benchmark interest rates by a 100 or even 50bps cut, its glory all over again. Of course, the risks attached to our bullish opinion are significant as well, on top is the current security situation, which poses the greatest threat to the country’s emerging economy coupled with account balance and cash deficit.

The total traded volume declined yesterday from 196.62 million shares to 184.03 million shares. Amongst the heavily traded stocks by volume, Pakistan Telecommunications ranked on top with a total traded volume of over 25.5 million shares, closely followed by Pakistan PTA Ltd with a total volume of over 24.7 million shares.

In global markets, US Dow Jones and S&P 500 Index both advanced on a third day due to a rebound in metal prices coupled with a rise in commodity prices. The Dow Jones index rose by 0.29% while the S&P 500 index rose by 0.10%. Oil prices rose overnight and currently trading at US$79.74 levels. The dollar index rose marginally for the first time in three days resulting in a decline in gold prices, which now stands at US$1,139.09 per ounce.
Wed Nov 18, 2009 12:33 pm View user's profile Send private message
forexleo
Full PK Member
Full PK Member


Joined: 08 Sep 2011
Posts: 242
Location: Pakistan

What is Forex Trading? Reply with quote
What is Forex Trading?

The foreign exchange (Forex) market is a nonstop cash market where currencies of nations are traded, typically via brokers. Foreign currencies are constantly and simultaneously bought and sold across local and global markets and traders' investments increase or decrease in value based upon currency movements. Foreign exchange market conditions can change at any time in response to real-time events.

The main incentive of currency dealing to private investors and the attractions of short-term Forex trading are: 24-hour trading, 5 days a week, with nonstop access to global Forex dealers.

Further incentives to Forex trading:

An enormous liquid market making it easy to trade most currencies.
Volatile markets offering profit opportunities.
Standard Forex instruments for controlling risk exposure.
The ability to profit in rising or falling markets.
Leveraged trading with low margin requirements.
Many options for zero commission trading.

Forex trading

The investor's goal in Forex trading is to profit from foreign currency movements. Forex trading or currency trading is always done in currency pairs. For example, the exchange rate of EUR/USD on Aug 26th, 2003 was 1.0857. This number is also referred to as a "Forex rate" or just "rate" for short. If the investor had bought 1000 euros on that date, he would have paid 1085.70 U.S. dollars. One year later, the Forex rate was 1.2083, which means that the value of the euro (the numerator of the EUR/USD ratio) increased in relation to the U.S. dollar. The investor could now sell the 1000 euros in order to receive 1208.30 dollars. Therefore, the investor would have USD 122.60 more than what he had started one year earlier. However, to know if the investor made a good investment, one needs to compare this investment option to alternative investments. At the very minimum, the return on investment (ROI) should be compared to the return on a "risk-free" investment. One example of a risk-free investment is long-term U.S. government bonds since there is practically no chance for a default, i.e. the U.S. government going bankrupt or being unable or unwilling to pay its debt obligation. (Please note that past performance is not indicative of future performance)

When trading currencies, trade only when you expect the currency you are buying to increase in value relative to the currency you are selling. If the currency you are buying does increase in value, you must sell back the other currency in order to lock in a profit. An open trade (also called an open position) is a trade in which a trader has bought or sold a particular currency pair and has not yet sold or bought back the equivalent amount to close the position.

However, it is estimated that anywhere from 70%-90% of the FX market is speculative. In other words, the person or institution that bought or sold the currency has no plan to actually take delivery of the currency in the end; rather, they were solely speculating on the movement of that particular currency.

Exchange rate

Because currencies are traded in pairs and exchanged one against the other when traded, the rate at which they are exchanged is called the exchange rate. The majority of the currencies are traded against the US dollar (USD). The four next-most traded currencies are the euro (EUR), the Japanese yen (JPY), the British pound sterling (GBP) and the Swiss franc (CHF). These five currencies make up the majority of the market and are called the major currencies or "the Majors". Some sources also include the Australian dollar (AUD) within the group of major currencies.

The first currency in the exchange pair is referred to as the base currency and the second currency as the counter or quote currency. The counter or quote currency is thus the numerator in the ratio, and the base currency is the denominator. The value of the base currency (denominator) is always 1. Therefore, the exchange rate tells a buyer how much of the counter or quote currency must be paid to obtain one unit of the base currency. The exchange rate also tells a seller how much is received in the counter or quote currency when selling one unit of the base currency. For example, an exchange rate for EUR/USD of 1.2083 specifies to the buyer of euros that 1.2083 USD must be paid to obtain 1 euro.

At any given point, time and place, if an investor buys any currency and immediately sells it - and no change in the exchange rate has occurred - the investor will lose money. The reason for this is that the bid price, which represents how much will be received in the counter or quote currency when selling one unit of the base currency, is always lower than the ask price, which represents how much must be paid in the counter or quote currency when buying one unit of the base currency. For example, the EUR/USD bid/ask currency rates at your bank may be 1.2015/1.3015, representing a spread of 1000 pips (also called points, one pip = 0.0001), which is very high in comparison to the bid/ask currency rates that online Forex investors commonly encounter, such as 1.2015/1.2020, with a spread of 5 pips. In general, smaller spreads are better for Forex investors since even they require a smaller movement in exchange rates in order to profit from a trade.

Most Forex dealers, including Forexleo, are compensated by the spreads that are embedded in the currency rates.

Margin – Amount to Risk

Banks and/or online trading providers need collateral to ensure that the investor can pay in case of a loss. The collateral is called the margin and is also known as minimum security in Forex markets. In practice, it is a deposit to the trader's account that is intended to cover any currency trading losses in the future.

Margin enables private investors to trade in markets that have high minimum units of trading by allowing traders to hold a much larger position than their account value. Margin trading also enhances the rate of profit, but has the tendency to inflate rates of loss, on top of systemic risk.

Leveraged financing

Leveraged financing, i.e., the use of credit, such as a trade purchased on a margin, is very common in Forex. The loan/leveraged in the margined account is collateralized by your initial deposit. This may result in being able to control USD 100,000 for as little as USD 1,000. A relatively small market movement will have a proportionately larger impact on the funds you have deposited or may have to deposit. This may work against you as well as for you. You may sustain a total loss of the margin funds deposited and any additional funds deposited to maintain your positions.

Five ways private investors can trade in Forex directly or indirectly:

The spot market
Forwards and futures
Options
Contracts for difference
Spread betting

A spot transaction

A spot transaction is a straightforward exchange of one currency for another. The spot rate is the current market price, also called the benchmark price. Spot transactions do not require immediate settlement, or payment "on the spot." The settlement date, or "value date," is the second business day after the "deal date" (or "trade date") on which the transaction is agreed to by the two traders. The two-day period provides time to confirm the agreement and arrange the clearing and necessary debiting and crediting of bank accounts in various international locations.

Risks

Forex trading is risky. There are ways to reduce risk such as setting a Stop Loss on deals. Read more about the risks involved and how to lower exposure to risk.

Further reading

To learn more about the topics mentioned in the above article, also look at Day Trading. Leveraged Trading and Currency Pairs. To find out more about Forex instruments offered by Forexleo® read Online Forex Account.
More Info: 03213931537
Sat Sep 10, 2011 3:29 pm View user's profile Send private message Send e-mail Yahoo Messenger
sharif5
Senior Proud Pakistani
Senior Proud Pakistani


Joined: 25 Apr 2009
Posts: 1101
Location: karachi

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Fri Nov 08, 2013 12:09 pm View user's profile Send private message Send e-mail Yahoo Messenger
Paul Atherton
Pak Newbie


Joined: 12 Oct 2015
Posts: 20

Reply with quote
Mere khayal se sab se behtareen cheez yahi ha k banda daily market summary read kare roz subah. Mai to yahi karta hon kiu k ise mujhe profit earn karne ka chance zada hota ha aur kafi zada faida hota ha. Abhe mai trading kar rah hon Forex mai aur yahan bhe mujhe ya facility milti ha mere broker OctaFX ki waja se jin k expert market ko analysis kar k report dete hain roz aur is k mutabiq chalne mai zada tar faida hi hota ha.
Mon Oct 26, 2015 10:50 pm View user's profile Send private message
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