More upside to 9,841
June 29, 2006
The Karachi Stock Market opened with a full-blooded erection of nearly 200 points upwards and never really looked back till it closed at 9,841. It appears to have made a short term double bottom at 9,000 but still has to close above its 200 dma of 9,971. Whether the upward flow will continue like it did the last time to 10,300, remains to be seen. It seems to move in leaps of 400 points at the moment with upward and downward extremes.
Market close : 9,841.43 — 407.27 points up.
