10,528 - 200 DMA breaks
September 28, 2006
Continuing its upward surge the Karachi Stock Market broke through its 200 DMA with a high at 10,547, closing at 10,528. The next resistance level is 10,655. OGDC closed above its 30 DMA and could head to Rs.132 . Volumes were higher with 218 million shares traded. Ramzan has started off with a bang as most people expected sluggish volumes and a lack of interest until the end.
News : Oil and gas reserves discoverd in Kohat … Business Recorder.
Telecard to announce its results 2moro.
Dividends : Bosicor : 7.5% Bonus EPS : Rs.0.8
UPPER CAPS : Bosicor / CCBL / Lucky Cement
LOWER CAP : CTTL
Market Low : 10,386.52 High : 10,547.64
Market Close : 10,528.82 — 141.30
