10,700 breaks
January 22, 2007
After some struggling, the KSE-100 index finally broke 10,700 and managed to close just above it. This is the 7th consecutive positive close for the Karachi Stock market and it’s up 347 points since Jan.11th. Perhaps because the upside has been staggered there hasn’t been a bashing down as yet, just some intra-day corrections. The market could coast along upwards to test 10,900 but it seems unlikely without some proper correction, especially as OGDC has gone dead again. 10,570 is where the first net will catch the market’s fall. Hubco was on the top of the volume leaderbroad with 11.7 million shares traded today.
Dividends : Engro Chemical Ltd : FINANCIAL RESULT FOR THE YEAR ENDED 31/12/2006, 30% CASH, EPS : Rs.15.47
News : The Ministry of Industries and Production is to submit a fresh summary to the Economic Coordination Committee (ECC) of the Cabinet, proposing allocation of gas, time schedule and monitoring system for Fatima Fertiliser Company Limited (FFCL) on the line of Qadirpur Gas Field Formula (QGFF)… Business Recorder
Karachi Stock Exchange (KSE) has finalized trial cash settled future trading, whose mock session would kick off from February 1st... Geo News
Market Low : 10,619.47 : High : 10,709.09
Market Close : 10,705.87 — 64.56 points up
