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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 ...

Short selling ban lifted

August 18, 2006

10,562At last some sense has been seen and from  September,  short selling in future contracts will be allowed again, making the market more balanced. The market was very dull today and after the first half the volume was only 38 million. Torrential rain in Karachi caused a low attendance at the KSE and the market might as well have been closed. There is a meeting 2moro to decide whether the Rs.24 million badla cap will be lifted.

National Bank and Soneri bank are to announce their results 2moro.

UPPER CAP : HUBCO

LOWER CAP : SNBL

Market Close : 10,562.88 — 5.63 points up

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