The KSE-100 rollercoaster ride
April 19, 2006
As expected the market was struggling to go upwards to newer highs in the morning and towards the last hour of the day nose-dived down to 11,759.46 , a whopping 356 points minus. Everything went to shit , PPL to lower cap, BOP to lower cap, POl tumbled down to 665 from a 718 high, & Orgydc banged down to 156 . It then made an incredible 300 point recovery from 11,759 to close 67 points minus at 12,048. So from the open Vaseline jar to putting the lid back on in 30 mins. Not a market for the faint-hearted. Hopefully it will resume to make headway towards 12,300.
POL announced a 50% Bonus after 3 years and Rs.33.EPS
Oil makes a record high of $71.35
