10,387
September 27, 2006
The market moved up through its resistance at 10,350 and made a high of 10,403. The next resistance is 10,430 before it heads to 10,500, the 200 DMA. Due to some news about the combined oil and gas reserves of Tal Block increased by 24% to 519mn boe, POL went up and there was some upward movement in OGDC and PPL as well.
News: Sui Northern Gas Pipelines Ltd (SNGP) is due to announce its results 2moro.
Standard Chartered Bank has become the largest bank in Pakistan in terms of paid-up capital… Dawn
Banking sector profits up by 65% … Business Recorder
Dividends : Maple Leaf Cement : (MLCF ) EPS: Nil.
Thal Limited : 20% Bonus + 100% Cash EPS. Rs.33.98
UPPER CAP : Faysal Bank
LOWER CAP : Callmate Telips
Market Low: 10,305.43 High: 10,403.65
Market Close : 10,387.12 — 81.69 points up
