10,512
September 29, 2006
The Karachi Stock market has held above its 200 DMA for the second day running. It made a high of 10,562 and given the fact that it was a shorter session being a Friday in Ramzan, the volume of 130.6 million shares traded was good. The next resistance level is 10,600. A correction could be due at current levels before the market continues upwards.
News : The Securities and Exchange Commission of Pakistan (SECP) has agreed to accommodate the Karachi Stock Exchange’s request for implementation of the new risk management system to be put in place. The SECP has also agreed that the enhanced Continuous Funding System (CFS) will be introduced into four phases. Full details at the Business Recorder.
Oil and Gas Development Company Limited (OGDC) has made a discovery in Mela Well No.01 …. Dawn
Dividends : Searle Pakistan : 10% Bonus + 15% Cash. EPS : Rs.3.53
Kohat Cement and Telecard will announce their results on Monday as the broad meeting is 2moro.
UPPER CAPS : Bosicor / Metropolitan Bank / Soneri Bank
Market Low : 10,493.25 High 10,562.64
Market Close : 10,512.52 — 16.17 points down
