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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 ...

10,198

July 19, 2006

Intra-day correction to 10,198The Karachi Stock Exchange opened and went down to 10,082. It then corrected making a high of 10,259, finally closing at 10,198. Oil was the flavour of the day with OGDC / POL / PPL / PSO / PRL / SHELL  all moving up.

Banks got a bit fucked as the State Bank of Pakistan has raised the Cash Reserve Requirement from 5% to 7% and the Statutory Liquidity Requirement from 15% to 18% effective from 22nd July 2006 . More… SBP raises CRR & SLR rates

Is there enough juice in the market to break and hold above 10,300 this week ??

UPPER CAPS : BOSI / CTTL / PRL / SHELL

Market close : 10,198.79 — 6.95 points up

Posted in KSE & SECP News, Daily Market News |

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