How high can you fly with broken wings, 100 Index is up but on low volumes
By noon at PSX 100 Index gained 241 points index was flirting with 49700 level. Volumes were low though as only 10 million shares exchanged hand by then.
“With these volumes crossing 50k seems difficult,” says Taurus securities researcher, Komail Chevelwalla, but he thinks the sentiment is positive as Chinese management would soon take control of market and stake holders in discussion of a new margin trading product.
Currently mutual funds are providing liquidity to market, but 20th March onward FTSE global will include six PSX companies that will bring some liquidity to market and May onward our inclusion in MSCI’s emerging markets would bring more liquidity.
