13,797
November 27, 2007
The KSE-100 index made a low of 13,698, a high of 13,897 and closed up at 13,797. The market looks shaky despite closing up and certain stocks are at lower levels at this index , than when the market was below 13,700. Downside support is 13,655 -500 and upside resistance is 13,850- 13,920.
News : World oil prices slumped Tuesday on increasing speculation that Opec may decide to hike crude output at a meeting next week, analysts said. New York’s main futures contract, light sweet crude for January delivery, shed 3.28 dollars to close at 94.42 dollars a barrel. Although the benchmark contract had climbed close to the psychological level of 100 dollars last week, reaching a record high of 99.29 dollars, it has lost nearly four dollars since the beginning of the week. In London Tuesday, Brent North Sea crude for January delivery dived 2.35 dollars to settle at 92.52 dollars a barrel… Aaj News
Upper Caps : JOVC + PICT
Market Low : 13,698.79 High : 13,897.11
Market Close : 13,797.46 – 21.47 points up
