12,546 - The 4.5 hours of Sharif
September 10, 2007
The KSE-100 index opened down at the start of the market, then recovered back to being positive and then soared upwards as the plane deporting Sharif took off . Hopefully, Pakistan has disposed of one of its biggest, stupid, arrogant arseholes for the next 3 years, and as one can see from the graph, the stock market holds the same view. Cements were the flavour of the day with Lucky and DG Khan cement taking the top volume of the day. MCB has somewhat recovered from its bashing on Friday to close up at 329.50. The upside should continue with 12,600- 750 as the next upward resistance.
News : Emirates Telecommunications Corp. may increase its stake in Pakistan Telecommunications Co. by 25 percent to give the United Arab Emirates-based company a controlling stake, Gulf News reported. Etisalat, as the company is also known, is considering buying the stake in Pakistan’s biggest fixed-line phone service provider from the Pakistani government by the end of the year, the newspaper reported, citing Etisalat’s Chairman Mohammad Hasan Omran. Etisalat owns 26 percent of Pakistan Telecom… Source : Bloomberg
Pakistan Oilfields Ltd will announce its results 2moro.
Upper Caps : Lucky Cement / DGKC / JOVC /
Market Low : 12,285.55 High : 12,571.10
Market Close : 12,546.01 – 139.30 points up
The language used in the post is irritating and do not fall in any business norms - Abuses and bad names can be put against any name inlcuding the person who had used this shitty (sorry to use this word) language about one of Pakistan’s Ex Prime Minister
There may be some code of ethics and any posts voilating the code should not be posted, call is yours
Regards
Saleem
Comment by Saleem — September 12, 2007 @ 8:43 am
Well, I’m sorry if you find the language used in the post ‘’irritating'’. Out of a respect for a ‘’code of ethics'’ I did not use more four letter expletives more applicable to Sharif (except for the previous post ). I generally never comment on politics, but recently they have been effecting the stock market.
Freedom of speech and opinion is one of the greatest facets of blogging. If you don’t like it and find it offending your sensibilities, then don’t read it. The choice is yours !
Comment by karachistockmarket — September 13, 2007 @ 12:09 am