13,012
August 11, 2007
Opening up with a gap, after being bashed on Thursday by rumours of a state of emergency being declared, the KSE-100 index started falling again from selling pressure being a Friday and global markets getting fucked as well didn’t help. Closing just above 13,000 a pullback could be seen as RSI-14 levels are low and many stocks have been bashed out of shape. Activity will be stock specific esp. on those stocks which still haven’t announced their results. It will be a rough ride at the moment.
Dividends : Pakistan Petroleum Ltd : 10% Bonus + 65% Cash. EPS : 24.45
News : Pakistan Petroleum Limited (PPL) on Friday reported a 25.15 percent jump in full-year net profit, fuelled by higher production and rising oil and natural gas prices.In a statement to the Karachi Stock Exchange (KSE) PPL, which operates Pakistan’s largest gas field at Sui, earned a net profit of 16.77 billion rupees ($277.4 million) in the year to June 30…Source : Aaj News
Lower Caps : JOVC / Lucky Cement
Market Low : 12,964.64 High : 13,359.52
Market Close : 13,012.96 – 166.45 points down
