Down to 10,750
November 27, 2006
The market made a pathetic attempt to cross 10,900 with a high of 10,911 and closed near its low of 10,744. While the news on OGDC’s GDR sounds positive , OGDC got fucked again today and closed below its 30,50,200 DMA’s at 129.95, down by Rs.3.40. The rest of the market remained stable in comparison. 2moro’s index depends on whether OGDC gets further bashed or not.
News : The government will fetch $1.5 billion from Oil and Gas Development Company (OGDC) global depository receipts (GDRs) as its books’ building process has been well received in the international market…. Business Recorder
A consortium of major local and foreign banks in Pakistan on Sunday signed a loan agreement of Rs 23 billion to fund a new fertiliser complex for Fatima Fertiliser. This is the largest ever ‘greenfield’ industrial project by Pakistani entrepreneurs financed in local currency…. Business Recorder
Callmate Telips has closed at its upper limit for the 7th consecutive trading session , gaining 35% in a week !
Upper Cap : Callmate Telips + Soneri Bank
Market Low : 10,744.88 + High : 10,911.52
Market Close : 10,750.4 — 120.50 points down
