13,929
July 2, 2007
The KSE-100 index made an intra-day record high of 13,949 and close up on its 4th consecutive record high at 13,929. OGDC and PPL rose from the dead to close up at Rs.122 and 267.6 respectively. Bank Alfalah got bashed down to its lower limit. While the market is poised to break 14k, it looks like a correction is due as it has risen 537 points since the last correction on June 22nd and RSI-14 levels are high.
The SCRA total inflow for June was $228 million and the total for the last fiscal year was $ 978,225,257.
News : Pakistan State Oil (PSO) on Monday signed a Memorandum of Understanding (MoU) with Kot Addu Power Company (KAPCO) for fuel supply to its planned 400-500 megawatts (MW) expansion project…Aaj News
The production of oil and gas at Pindori, the main field of Pakistan Oilfields Limited (POL) may fall further in the coming months, sources told Daily Times.Pindori’s contribution in POL’s overall oil production has fallen to 31 percent in the last six months of the current year from 45 percent share in the corresponding months of the previous year, posting a decline of 16 percent. The field touched its peak production level of 9925 bpd of oil and 31 mmcfd gas in April 2006, but it could not produce more 5000 bpd oil and 15 mmcfd gas per day in April this year…Daily Times
Upper Caps : Pak Refinery / Shell / Pioneer Cement
Lower Cap : Bank Alfalah
Market Low : 13,772.46 High : 13,949.14
Market Close : 13,929.70 – 157.24 points up
