10,886 - are the cracks setting in ?
October 11, 2006
The Karachi Stock Market made a high of 11,059 and had its first negative close since October 3rd, to close down at 10,886. It has closed at the same level as the lows in the last two sessions and should correct further down before it re-tests a close above 11k.
News : ….the Privatisation Commission has informed the potential bidders that Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company (SSGC) will be offered for bidding… Business Recorder
SPOT : LUCKY
Market Low : 10,879.27 High : 11,059.62
Market Close : 10,886.78 — 72.93
