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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 ...

Heading for a correction ?

June 22, 2006

10,174The market made a high of 10,264 and then nose-dived towards the close. OGDC broke 140 intra-day and NBP/ MCB/ DGKC  POL / LUCKY and BOP have made a serious recovery in their prices  in the last 1500 points compared to some of the other stocks. Some correction is due here and might come in 2moro’s ‘’Friday Show " or next week. If one can go short in Monday’s July future contracts (26th June) , that will be a determining factor in some downside again.

Market close : 10,174.22 — 70.91 points up 

TAGS : Karachi Stock Exchange + KSE 100 index

 

 

 

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