11,105
January 26, 2007
The bull run continued at the Karachi Stock Exchange with the KSE-100 index making a high of 11,113.31. With no sign of any correction at the moment it closed up at 11,105. BOP was the volume leader of the day , nearly capping up at one stage. The index’s RSI levels are over 75 now and there has to be some release on the pressure building up. Several of the blue chips are oversold esp. MCB. Two days of peace next week with a long weekend coming up.
Dividends : Fauji Fertilizer Ltd : 39% Cash . EPS : 9.39 . Closed down at Rs.111, perhaps below mkt. expectations
Unilever : 114% Cash. EPS : Rs.124
News : The Securities and Exchange Commission of Pakistan (SECP) has constituted a committee comprising representatives of three stock exchanges, SECP, Mutual Funds Association of Pakistan, stock brokers and bankers to address issues relating to smooth and early implementation of Continuous Funding System Mk II(CFS)… Business Recorder
Upper Cap : Soneri Bank
Market Low : 11,031.08 High: 11,113.31
Market Close : 11,105.34 — 74.26 points up
