13,770
August 2, 2007
Today was the highest close for the KSE-100 index since it got bashed out of shape 2 weeks ago. The index has been holding 13,600, trading in a narrow band and needs to breakout above 13,800 for further gains . Fauji Cement was the top score in terms of volume with 29.6 million shares traded followed by Bhosricor at 23.6 million. Next week brings the result season into full swing with Shell, PSO and PPL due to announce their results. While the market could well cross 13,800 2moro, being a Friday there could be some weekend selling.
News : The cement dispatches have marked massive growth of 41 percent year-on-year (YoY) in July of current financial year to 2.39 million tonnes as against 1.69 million tonnes in the corresponding of last year.According to latest data of cement dispatches in the first month of current financial year, the growth includes exports of 441k tonnes, surging by phenomenal 134 percent in the month under review whereas the local sales of the cement registered a growth of 29.6 percent to 1.95 million tonnes during this period.. Daily Times
Upper Caps : Packages / JOVC / Adamjee Insurance / NIB Bank
Market Low : 13,688.90 High : 13,775.44
Market Close : 13,770.57 — 81.67 points up
