12,787
August 15, 2007
After opening up, and making a high of 12,820, the KSE-100 index sagged to a low of 12,623 and finally closed up at 12,787. Lucky Cement was the volume leader of the day with 13 million shares traded. Volumes have been low recently and the market could be hitting its bottom with some pullback due soon. The index’s RSI-14 has hit 30, last seen in December 2006 before the whole market took off. The next upward resistance is 12,840 followed by 12,950.
Dividends : Glaxo : 25% Bonus. EPS : 6.11
News : Singapore Telecommunications Limited (SingTel) and Warid Telecom (Private) Limited (Warid Telecom), have confirmed their entry into a definitive agreement whereby SingTel will acquire a 30 percent equity stake in Warid Telecom for an estimated 758 million dollars… Aaj News
Upper Caps : Arif Habib Securities Ltd / Fauji Cement / Sui South Gas
Market Low : 12,623.74 Market High : 12,820.63
Market Close : 12,787.30 — 38.68 points up
