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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 ...

Approaching 10k again

June 19, 2006

10k again ?The 3rd consecutive day of upside and more upper caps. Stocks that were bashed shapeless are recovering strongly. Perhaps the bottom was hit at 8750, though once the rules for going short are ammended at the end of the month and the new exit mechanisms are announced, we could see 9200 again. Some correction is due this week but the market should remain tight.

Market close : 9,943.84 — 336.7 points up , a total of 1,175 points in the last 3 days. 

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