More downside
May 18, 2006
After a pullback of nearly 400 points yesterday the market opened and slid down 200 points . It tried to recover to about -85 points and the slowly got bashed again to an even lower level than Tuesday’s close. It finally closed 404 points down at 10,689.44 . 2moro’s ‘’Friday show ‘’ could see some pullback action again or get a further bashing to 10,300 before it breaks the 10k index which seems inevitable this month. The KSE-100 index is not alone in being bashed as it seems most of the world markets have got fucked as well. The Dow had its biggest one-day drop yesterday in 3 years & the FTSE also fell nearly 5% yesterday. Keep the Vaseline on your desk if you are long in the market !
LOWER CAPS : OGDC/ NBP/ POL/ SNGP/ MLCF/ ENGRO /
