10,592
October 3, 2006
The market went upto 10,698 and then corrected down to 10,559, finally closing at 10,592. A close over 10,650 would see more upside on the horizon and 10,400 is the current downside. It seems that another test of 10,650 is possible yet with the RSI (14) at 65 market is heading towards being slightly overbought and could correct again.
News: The Securities and Exchange Commission of Pakistan (SECP) is unable to complete the forensic investigations into last year’s stock market crash. More BULLSHIT about the March 2005 crash from the Dawn.
Dividends : Fauji Cement : 5% Cash EPS : Nil
Upper Cap : BAFL
Market Low: 10,559.86 High : 10,698.69
Market Close : 10,592.72 — 23.52 points down
