Moving up and through 10k
September 20, 2006
The Karachi Stock Market finally moved up and over the 10k index with relatively healthy volumes of 98.8 million shares. The upward move was based on the news that the in-house badla facility would be extended till the end of October 2006. The market closed above 10k at 10,032 and while it might well push forwards to 10,100, the market will still remain range bound. For the moment, support holds at 9,800.
Mari Gas Company is to announce its results 2moro.
News : The London Stock Exchange (LSE) is interested in listing some of the promising Pakistani companies on its bourse… More details at the Dawn.
Dividends: Agriautos Industries (AGIL) : 70% CASH. EPS. Rs.12.57
UPPER CAP : CCBL
Market Low : 9,903.52 High : 10,040.98
Market Close : 10,032.69 — 123.84 points up
