Heading to break 10,500
July 31, 2006
The KSE-100 index opened with a gap and made a high of 10,497.93. OGDC finally closed above 143 which should lead to further upside as the index breaks 10,500 tomorrow. A Merill Lynch report released earlier today on PPL’s fair value at Rs.296, to took it to its upper limit.
Its pouring with rain in Karachi since yesterday afternoon. The Clifton underpass , brilliantly designed by the F.W.O (Fucked Up Workers Organization ), is a huge swiimming pool. On I.I. Chundrigar Road, (Karachi’s Wall St. ) a piece of road has given way and a few cars have dropped in the hole !! Excellent for foreign investment. Perhaps the Govt. should spend some money wisely on its roads instead on increasing its nuclear arsehole !
PICIC Growth Fund : FINAL DIVIDEND FOR THE YEAR ENDED 3O/O6/2OO6 10% CASH EPS = Rs.14.84
UPPER CAPS : BOSICOR / FFBL / PPL / PSO / PRL
Market Close : 10,497.93 — 144.14 points up
