11,296
March 22, 2007
The week ended with a very low volume day at the Karachi Stock Exchange. 79.6 million shares were traded in a lacklustre market session. Even the $2 oil price hike did fuck all for the oil stocks. 11,450 has to break for further upside.
News : The government on Thursday executed exploration license with Government Holdings (Pvt) Limited (GHPL) and petroleum production sharing agreement with GHPL and Oil and Gas Development Company Limited (OGDCL) over Block No. 2266-8 (Offshore Indus-S), covering an area of 2,129.91 sq. kms.This block is located in the Arabian Sea and is situated in ultra deep waters.The OGDCL will invest an amount of $1.5636 million during the first two years of the initial term of the license…. Aaj News
Market Low : 11,254.31 High : 11,343.07
Market Close : 11,296.06 – 0.56 points down
