13,000 breaks
August 13, 2007
The KSE-100 index got another fisting, and slowly and steadily went down to a low of 12,700 and closing at 12,750. It seems that there was a lot of selling as margin calls were being hit. The downturn of the world’s global markets hasn’t helped either. The Karachi Stock market has now lost about a 1,000 points in the last week or so and some pullback is inevitable. Nevertheless until investor confidence is somewhat restored, keep the Vaseline handy.
Board Meetings for August 2007 - updated
Dividends : Faysal Bank : 25% Bonus. EPS : 3.06
News : None worth mentioning .
Lower Caps : Lucky Cement / BOP / JOVC
Market Low : 12,700.15 High : 13,061.73
Market Close : 12,750.38 – 262.58 points down
