10,551
December 15, 2006
Another dull day at the Karachi Stock Market with similar low volumes as yesterday. 54.1 million shares traded and a high of 10,634 closing at 10,551. The market is still holding its support level of 10,550 , but there is no real buying as such. Perhaps the continuing nonsense of the ‘’March 2005 Crisis ‘’ report is in the back of investors minds, nevertheless a relatively calm ‘’Friday show'’ with not too much downside. Oil rose to $63 today.
News : The government on Thursday informed the National Assembly standing committee on privatisation that the secondary offering for Oil and Gas Development Company Limited (OGDCL) shares in local stock markets would start within days…. Business Recorder
The Securities and Exchange Commission of Pakistan (SECP) will complete the investigation based on the forensic report against five top brokerage houses/financial institutions in the next fortnight, whereas complete details in all 88 cases would be made available within next two months…. Business Recorder
Various options are now being considered for the privatisation of Pakistan Steel Mills , which includes listing at the stock exchanges of the country, said Minister for Industries and Production Jehangir Khan Tareen on Thursday…. The News
Sui Northern Gas Pipelines Limited (SNGPL) has signed a Gas Sales Agreement (GSA) with M/s Savari Power (Pvt) Limited for supply of 100 MMCFD gas for setting up power plant… Daily Times
Market Low : 10,532.40 High : 10,634.63
Market Close : 10,551.57 — 52.57 points down.
