14,049
January 14, 2008
After a dip down to 13,852 , the KSE-100 index revovered and rose to an intra-day high of 14,084, closing up at 14,049. Arif Habib Ltd closed at its all time high at 310.80 today, as well as Jahangir Siddiqui & Co. at Rs.1260. The market is still below its 30 DMA, having closed above its 50 DMA today. Upward resistance is from 14,200-300 and downside sees 13,800-700. This evening’s bomb in Karachi will possibly take the market down again.
News : The South Asian Federation of Exchanges (Safe) has signed a joint marketing agreement with Dow Jones Indices Inc, New York, for launching the first ever index, covering prominent companies listed on the major exchanges like Karachi Stock Exchange (KSE) and Bombay Stock Exchange (BSE)…as a part of the agreement, Dow Jones Indices would construct and publicise an index to be known as "Safe-Dow Jones Index" after collecting both live trading data and historical price data from the member exchanges of the South Asian Federation of Exchanges… Aaj News
Upper Caps : Arif Habib Ltd / Arif Habib Securities Ltd / JS Value Fund / JS Bank Ltd / Netsol Tech
Market Low : 13,852.29 High: 14,084.96
Market Close : 14,049.69 – 134.65 points up
