13,328
September 27, 2007The KSE-100 index continued to rise making a high of 13,365 and closed up at 13,328.The current political situation is entering the theater of the absurd with the behaviour of the oppositon, the striking lawyers and now a retd. Judge trying to become a President! In the last eight years the stock market has risen from 2000 to 14,000 plus points and foreign exchange coffers from $1 billion to $16.5 billion , which fucking ‘’democracy'’ has achieved that ? Certainly not the previous 2 thieves which had two terms each at robbing the country blind and are tugging at the reins to come back as the ‘’honey-pot'’ is much bigger now. We are slowly becoming a laughing stock as a nation yet again. The market looks like its heading towards 13,500 though 2moro’s ‘"Friday show" could see some correction, along with the announcement of the arseholes strike on the 2nd. If the court’s decison to allow G.Mush to stand is positive, one could see 13,700-800.
Dividends : Cherat Cement : 10% Cash. EPS : 1.93
News : The annual deficit of Karachi Electric Supply Corporation (KESC) has touched the staggering figure of Rs 12 billion which is around 70 percent higher as compare to the loss of last financial year while KESC also announced 50 percent increase in employees’ salaries….The main reason of the increase in the annual loss of the current year was the non-availability of a government grant to the corporation as KESC was granted Rs 7.576 billion in 2006 by Government of Pakistan…. Aaj News
Upper Cap : Worldcall Telecom / Netsol tech
Market Low : 13,240.94 High : 13,365.41
Market Close : 13,328.43 – 58.14 points up
