Sliding down to 9,881
September 18, 2006
Some index movement today as the Karachi Stock market slid down a 100 points on very low volumes of 46.5 million shares traded . Perhaps OGDC being in Spot prevented the market from falling further. As 9,950 breaks the slide could continue down to 9,500. The last time these low volumes were witnessed it led to an upward spike, but don’t hold your breath !
DGKC will announce its results 2moro.
Dividends:
Nishat Mills Ltd (NML) : FINANCIAL RESULT FOR THE YEAR ENDED 3O/O6/2OO6, 10% Bonus + 15% CASH . EPS = Rs.11.24
Callmate Telips has become the laughing ’stock’ of the market and buggered its price further by firing its auditors A F Ferguson claiming professional negligence.Read more in detail at the Business Recorder. There is still no annnouncement of its results and its price closed at almost the lowest for the year.
LOWER CAP : CTTL
Market Low : 9,853.94 High : 10,030.33
Market Close : 9,881.1 — 103.47 points down.
