10,604 - Low Volumes
December 14, 2006
Another ‘’exciting'’ day at the Karachi Stock Exchange with fuckall happening !! Fortunately the market was suspended at 2.p.m. , due to some KSE fault, alleviating 15 mins less boredom. Even lower volumes today, with only 54.5 million shares traded. Since December 5th the market has been trading in a narrow band of a 100 points between 10,550 - 10,650. Continous low volumes generally lead to some breakout in the trading range.
News : The Board of Directors of the Karachi Stock Exchange (KSE) held a meeting to discuss the issue relating to the suspended company Callmate Telips and asked the Securities and Exchange Commission of Pakistan (SECP) and the management of the suspended company to resolve the issue in line with the investors’ interest…. Daily Times
The process of privatisation of Sui Northern Gas Pipeline Limited (SNGPL) is underway and is expected to be completed by 2007. "We have provided necessary data to the Privatisation Commission and, on our part, we are fully prepared for the privatisation of the company," SNGPL Managing Director…. Business Recorder
According to sources, huge quantity of natural gas and oil has been discovered recently in Hangu district at Adam Banda (known as Manzali Well-3). Although the exact quantity of oil and gas has not yet measured, said the sources, adding that it is under testing. They added it is another success, by the MOL, oil and gas exploring company in the southern districts of the province…. Business Recorder
SPOT : OGDC
Market Low : 10,587.06 High : 10,643.35
Market Close : 10,604.43 — 17.34 points up.
