KARACHI STOCK MARKET NEWS :: Will the KSE-100 index break 10,500? :: July

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Will the KSE-100 index break 10,500?

July 27, 2006

KSE-100 moves up to 10,4300 The market is heading to test its next resistance level of 10,500. It made a high of 10,488 today and closed down at 10,430. POL kicked off, fueled by bonus rumours for its upcoming results next month and shot up Rs.17 to upper cap. OGDC is closing higher almost daily and needs to close well above 143 to take the market upwards. While some profit taking might occur, 2moro being Friday, the market looks tight in general.

UPPER CAPS : POL / SHELL

Market Close : 10,430.26 — 86.59 points up

Posted in Daily Market News |

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