13,462
June 14, 2007
The KSE-100 index opened up with a big gap and made a record intra-day high of 13,613 . Unable to sustain such high levels, the market slid down towards the end to a low of 13,428 and recovered to close down at 13,462. Fauji Fertilizer Bin Qasim (FFBL) was the flavour of the day trading 50.8 million shares, based on a report that increased its PO to Rs.45 on a stronger DAP outlook. Upward resistance is 13,500 to 13,600 and on the downside support is 13,300 below which the Vaseline jars will reappear after some time !
News : The Industrial and Commercial Bank of China (ICBC) is exploring options to enter the growing Pakistani market, which has seen a number of acquisitions by foreign banks in recent months, a top banker said on Thursday.ICBC, China’s biggest lender, is in talks with National Bank of Pakistan (NBP), and both banks are likely to sign a memorandum of understanding by the end of this month, NBP President Syed Ali Raza said… Aaj News
Upper Caps : Packages Ltd
Market Low : 13,428.83 High : 13,613.26
Market Close : 13,462.46 — 14.78 points down
