Some pullback to 9,876
August 28, 2006
Having lost nearly 10% in the last week , the Karachi Stock Market was due for some rebound. It opened down and made a low of 9,364 (where I’m sure fresh Vaseline jars were dippped into ) and then went back up, and finally closed at 9,876. There was a huge spread between the lows and highs in POL, NBP, MCB, PRL, & SHELL. POL is due to announce its results 2moro morning. Breaking 10k with be the next test for the market.
DIVIDENDS :
Nestle Pakistan : EPS = 14.57
Metropolitan Bank :EPS = 4.03
Attock Refinery : (ATRL) : 25% Bonus . EPS = Rs.6.68
UPPER CAPS : PPL / ATRL
Market Low : 9,364.69 High : 9,880.87 ( a range of 516 points !!)
Market Close : 9,876.59 — 291.8 points up
