14,473
December 9, 2007
Friday’s close saw the KSE-100 index rise further upwards , with an intra-day break above 14,500 , closing up at 14.473. OGDC was the flavour of the day with 29.3 million shares traded. MCB closed at its highest ever at 401.90, its recent price soaring due to an unconfirmed rumour that Barclays are looking to buy a stake. The next upward resistance is 14,530 and the market looks poised to retest its 14,900 levels. Some correction along the way is inevitable and downside support is at 14,300-200.
News : None worth mentioning.
Upper Caps : CCBL / NIB Bank / Azgard Nine
Market Low : 14,324.95 High : 14,506.47
Market Close : 14,473.90 – 148.95 points up
