12,393 - heading for 12,500 ?
September 4, 2007
The KSE-100 index stayed positive all day and made a high of 12,433 and closed at 12,393. This is the highest close since the market nose-dived in the last few weeks. BAFL was the volume leader of the day with 26.2 million shares traded and has finally moved up slightly since its recent dormancy. Its possible that 12,500 could be tested 2moro provided the ‘political uncertainty ‘ jitters subside and there are no negative developments.
News : Cement exports registered a record growth of 144 percent during August 2007 due to huge exports orders, over production and better quality… Aaj News
Market Low : 12,213.63 High : 12,433.23
Market Close : 12,393.59 – 160.54 points up
