11,233 - Bashed on low volumes
March 28, 2007
Despite a day of low volumes at the Karachi Stock Exchange , the market made a high of 11,367 and then got bashed down to 11,193 closing down at 11,233. Despite oil reaching further highs, its impact seems to be minimal on the oil stocks, and PSO closed Rs.8.95 down. While there might be some pullback 2moro, 11,150 looms closer and a close below will get the Vaseline on the table again.
News : Karachi Stock Exchange (KSE) members have sent an SOS message to the prime minister soliciting his direct intervention into the matter of the issuance of SECP show cause notices… Geo News
Habib Bank Limited and National Bank of Pakistan have arranged a multi-currency financial facility for the urea expansion project of Engro Chemical Pakistan Limited.According to banking sources here Tuesday, the facility included Rs 2.137 billion of local currency, 120 million Euros and 70 million dollars of foreign currency…. Daily Times
Market Low : 11,193.77 High : 11,367.19
Market Close : 11,233.56 – 94.91 points down
