13,967
July 11, 2007
The KSE-100 index made a high of 13,981, a low of 13,781 and closed up at 13,967. The market seems to have corrected and somewhat consolidated. Arif Habib Securities was the flavour of the day with 30.5 million shares traded and closed at upper cap. The index should test 14k once again and attempt to close above it.
News : To facilitate the business community, the Securities and Exchange Commission of Pakistan (SECP) has restarted the Companies Easy Exit Scheme (CEES) for a period of four months from July 15 to November 15, 2007.Through this scheme, the SECP has provided an opportunity to the dormant public and private unlisted companies having no assets and liabilities, to take advantage of the easy exit route and get their names struck off the register of companies… Aaj News
Karachi Stock Exchange (KSE) has approved the provisional listing and quotation of shares of Habib Bank Limited (HBL) consequent upon the approval of the offer of sale and completion of relevant requirements under the listing regulations of the exchange…The provisional listing will take place on July 16th in accordance with the regulation for future trading in the Provisionally Listed Companies (FTPLC) 2002,…The bank is proposed to be formally listed with effect from September 10, 2007 and accordingly the trading in the shares of the bank will be shifted to Ready Counter under T+2 Settlement System from the said date. The first settlement date would be September 12, 2007.. Aaj News
Upper Caps : Arif Habib Securities / Arif Habib Ltd / Crescent Commercial Bank / JS Bank /Netsol Technologies / Kohat Cement
Market Low : 13,781.37 High : 13,981.87
Market Close : 13,967.40 – 49.97 points up
