10,614
January 17, 2007
The Karachi Stock Exchange witnessed healthy volumes today with 204.5 million shares traded. Making a high of 10,676, the market dipped down to 10,583 and closed up at 10,614. The market seems tight at the moment with intra-day dips yet closing positive. RSI levels are high and the market has closed above its 30,50 and 200 DMA. Upside continues above a close on 10,700 and downside’s first support is 10,560 through 10,500 to 10,450 It does look ripe for a minor correction soon though, which might come at any time.
SCRA increases by another $7.3m to reach $35.5m for January and $313.5 million for the fiscal year.
The meeting to discuss CVT reduction has been postponed to Jan.24th
Dividends :Dawood Hercules : FINANCIAL RESULT FOR THE YEAR ENDED 31/12/2OO6 : 45% CASH : EPS : Rs.24.79
News : The Privatisation Commission (PC) has received ten Expressions of Interest (EoI) and Statement of Qualification (SOQ) from the interested parties to participate in the privatisation process of Heavy Electrical Complex (HEC) Source : Business Recorder
The Privatisation Commission has received eight Expressions of Interest (EoIs) and statement of qualifications (SoQs) from interested investors for Hazara Phosphate Fertilisers Ltd (HPFL)…. Business Recorder
In order to facilitate better understanding and necessary rectification in the software-application and procedures thereof, in the risk management system of the Futures Market, by the Karachi Stock Exchange (KSE), the Securities and Exchange Commission (SECP) has made further clarifications…. Business Recorder
Lower Cap : Callmate Telips
Market Low : 10,583.36 High : 10,676.62
Market Close : 10,614.95 – 24.36 points up
