Below 10k again
September 7, 2006
After yesterday’s minor pullback, the KSE-100 index couldn’t maintain its upward swing for very long. It hit 10,116 and then closed below the support level of 9,950. OGDC, POL, PPL,NBP and Lucky were all bashed downwards. 9,800 is the net stop down with trouble lurking below 9,550.
The Dawn talks of the continuing forensic probe report of the march 2005 market crisis and how the team have been at it since July with no answers. At a cost of $10,000 a day it could cost $ 1 million to prove perhaps nothing. Nevertheless surely its a bit late now to cry over spilt milk !
Lower cap : CTTL
Market Low: 9,921.32 High : 10,116.45
Market Close : 9,927.98 — 140.72 points down
