Back up to 13,540
June 25, 2007
After Friday’s correction, the KSE-100 index resumed its upward path with a day in the green, a high of 13,545, and closed up at 13,540. The Bank of Punjab seems to have momentarily sorted out its alleged fraud rumours and closed up Rs.3 at 111.30. Once again Lucky Cement was on top of the leader board with 28.4 million shares traded. The Karachi Stock market has closed just short of where it slid downhill from. Upward resistance stands at 13,633. A close above 13,600 would augur well.
SCRA inflow for June reachs $174.8 million taking the current fiscal year total to $924.9 million
News :The Supreme Court has summoned the record of seven parties that have been cleared to bid for 51 percent shares of Pakistan State Oil Ltd on June 28th… Aaj News
The Bank of Punjab (BoP) has entered into an agency arrangement with the UAE Exchange Centre, LLC, a leading exchange house of the Middle East. Now the Bank will be able to provide speedy remittance services to expatriate Pakistanis for smooth, fast and economical money transfers to their families in Pakistan. Under this new facility, the remitter himself will be able to select the BOP branch nearest to his home in Pakistan to avoid unnecessary hassles by his family when receiving the remittances... Daily Times
Upper Caps : JOVC / UBL / Bhosricor Refinery
Market Low : 13,392.47 High : 13,545.14
Market Close : 13,540.45 — 147.98 points up
