13,315 - Bashed
November 14, 2007
The KSE-100 index got a good bashing today. Having made an intra-day high of 13,713 it dipped down to 13,284 and closed down at 13,315. Buy some Vaseline !
News : Importers of dai ammonium phosphate (DAP), an essential crop nutrient, have raised the price by Rs 100 per 50-kilogram bag on the back of soaring international prices..The fertiliser importers also increasedd the DAP prices by eight percent across the country, dealers said. After this upsurge, DAP price in the country reached Rs 1,300 per 50-kilogram bag, which was previously supplied to the dealers by the importer at Rs 1,200 per 50-kilogram bag, they added. While, the DAP in the retail market is available at Rs 1,500-1,550 per 50-kilogram bag due to mounting demand… Aaj News
A consortium including Japan’s Nomura Holdings and Bank Muscat could sign a deal within two weeks to buy a majority stake in Pakistan’s Saudi Pak Bank for as much as $218 million, bankers with knowledge of the transaction said on Wednesday.The consortium, led by Pakistani financier Shaukat Tarin, also includes International Finance Corp (IFC), the World Bank’s private sector arm. The deal could be finalised at 27-28 rupees a share, the bankers said. "The buyers are looking to acquire anywhere between 75 and 95 percent of the bank,"… Aaj News
Market Low : 13,284.46 High: 13,713.75
Market Close : 13,315.58 – 305.51 points down.
