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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 ...

Shaky upside to 9,829

July 4, 2006

Upside to 9,829The market dipped down to 9,475 and then rose to a high of 9,912, an intra-day range of 437 points . As the index is still below the 200 dma , its possible there will be a further slide 2moro/this week. While PPL and most of the bigger banks closed at upper cap, OGDC struggled through the day facing a lot of resistance at 135. The market’s close despite being up 225 points up, looked weak, yet the gaps were filled .

Market close : 9,829.64 — 225.98 points up

 

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