14,o45 - 14k breaks again
October 3, 2007
The KSE-100 index has recovered over 2,200 points from its recent fall and looks poised to test its previous high of 14,290. OGDC has been carrying the market upwards with its high imbalanced index weightage and after finally waking up from a sluggish 6 months, closed at 125.50. Engro closed at its all time high of 282.95. The KSE-100 index closed on its high for the 2nd consecutive day.The market is getting quite overbought and should correct soon.
News : The Finance Ministry has withheld Rs 22.5 billion, which payable to the oil marketing companies (OMCs) as differential on diesel and other petroleum products prices. As on September 30, the government owed Rs 12.1 billion to PSO, Rs 4.5 billion to Shell Pakistan, Rs 1.7 billion to Shavron and around Rs 4 billion to other companies…Source : Aaj News
Upper Caps : BAFL /ENGRO / Attock Refinery
Market Low : 13,882.30 High : 14,045.23
Market Close : 14,045.23 — 123.15 points up
