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Daily updates on the Karachi Stock Market, with news, company dividends and KSE-100 index movements.The rollercoaster of a day trader's dream /nightmare riding the KSE-100 index. More than 860 posts and counting ...

Rough ride

March 21, 2006

Rough rideA rough ride in the market today starting off up 148 points and then down into minus, followed by a high of 11,223.56 (+ 191 points) diving down to its low of 11,008.53 and then closing 97.82 points up at 11,130.13. The market seemed unable to sustain its high as was the case yesterday. Massive buying again in ORGYDC ( 113.5 million shares traded ) making its highest close of 150.8 in some time.

MCB was bashed down to 217 at one stage, and PTC made a recent high at 64.7 but closed down at 62.95. In general a shitty sort of market nearly breaching the 11k index and would have gone below had ORGYDC not been used to pull it back up. a clear indication of what a one horse market this can be.

Upper Cap : Telecard 16.2, Bhosricor 29.8 and Sui South 36.15.

 

 

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