10,157 - CFS cap increases to Rs.55 billion
September 12, 2006
Shrinking volumes generally lead to volatility. After yesterday’s low volume of 43 million shares and today’s announcement that the CFS cap has been increased to Rs.55 billion from October 2nd 2006, the Karachi Stock market went up 264 points on the news. The market closed above its 30 DMA at 10,157 and could test 10,300 in the following sessions.
PTCL is to announce its results 2moro.
Cherat Cement , D.G.Khan Cement, Nishat Mills and Bosicor Refinery dates for board meetings have been added in Board Meetings for September.
News:
CFS cap enhanced to Rs.55 billion for the KSE … Business Recorder
PSO Privatization : Abu Dhabi group pulls out … Business Recorder
UPPER CAP : ENGRO / FCCL / FBBL / SSGC
Market Low : 9,892.77 High : 10,180.42
Market Close : 10,157.60 — 264.83 points up.
