Relative Peace
March 15, 2006 
Compared to the previous bashing in the last 9 sessions the market was relatively peaceful today. It dipped about 60 points at the open and made a peak of +150 points at 10,583 and then went down to about 10,320 where I’m sure the Vaseline jars were about to rattle. Cements were the hot game of the day with Lucky & Fauji Cement closing at upper cap and DGKC was up Rs.5.60 at the close.
Telecard looks good at 14 having been severely thumped down by nearly 50% from its peak of Rs.25.4
The market finally closed at -39.3 and it remains to be since which way it goes 2moro.
Moody’s has upgraded Pakistan’s credit rating from B-2 Stable to B-2 Positive.
