13,423
November 8, 2007The KSE-100 index headed down making a low of 13,188 and then recovered on the news of an election date for February, closing down at 13,423. The market looks range bound at the moment and any more bad news could trigger a break of 13k.
News : Pakistan has put off a plan to sell part of its stake in the National Bank of Pakistan (NBP) through a global depository receipt (GDR) because of political uncertainty but aims to go to the market late in the January-March quarter…The sale of up to 20 percent of the government’s stake in NBP through a GDR had been planned for December but the government and lead managers Deutsche Bank and Morgan Stanley decided to delay after President Pervez Musharraf imposed emergency rule on Saturday… Aaj News
Market Low : 13,188.49 High : 13,500.58
Market Close : 13,423.71 — 76.87 points down
