10k breaks upwards
June 20, 2006
The market shows some signs of wavering today and went negative briefly, down to 9,855 before rising again and closing up a 163 points . About 3 weeks ago it broke 10k on the downside and has finally crawled up again. OGDC / BOP / NBP / MCB & LUCKY closed on their 4th consecutive upper cap since June 14th.
The SECP plans to respond to the risk management proposals by June 26th. Perhaps the artificial upside will last till then. By artificial, I mean the current situation of an imbalanced market that has banned short trading. Another step to indicating what a ‘’ Mickey Mouse " market this really is !! There are new rules every fucking time there is a big crash , instead of brains being used once and implemented.
Market close : 10,106.89 — 163.06 points up.
