14,056.58
January 15, 2008
The KSE-100 index made a high of 14,118 and then fizzled out to close 14,056. Arif Habib Securities was the flavour of the day with 19.2 million shares traded. Arif Habib Ltd & JSCL once again closed at their all time highs, hitting their upper limits at 326.30 & 1,323 respectively.
News : Oil prices slumped on Tuesday after US President George W. Bush urged producers to take action over ‘very high’ prices and as US recession fears gathered pace, traders said… Aaj News
Premier Oil Plc, the U.K. explorer in the North Sea, Asia and Africa, plans to boost operations in Pakistan at the same time Tullow Oil Plc is getting ready to quit the strife-torn nation…Pakistan’s largest natural gas fields, such as the Sui, are located in Baluchistan. The government plans to increase exploration to meet demand for gas that’s forecast to grow 8 percent a year and is expected to exceed production by 2010. London-based Premier has up until now been operating mainly in the south of the country, Lockett said."For all the time we’ve been there, we have never really had a problem'’ with Pakistan, he said."We are on the inside,we know how it works.'’ … " Baluchistan is very under explored and there is a huge potential for oil and gas discoveries "…. Source : Bloomberg
Upper Caps : AHL / JSCL
Market Low : 14,012.44 High: 14,118.39
Market Close : 14,056.58 – 7.83 points up
