14,099
February 12, 2008
Just when one thought the market was headed south after closing below 13,900 yesterday, the KSE-100 index tore through 14k to close up at 14,099. Volumes increased considerably wth a total of 176.6 million shares traded. Arif Habib Securities Ltd. was the flavour of the day with 24.8 million shares traded. Cements got an erection with Lucky up by Rs.5.30 . Rumours are floating about re : Govt. cuts to custom duty on ex refinery prices, which would lower GRM’s and bugger the earnings of the refineries. The market has made its highest close since Jan.9th 2008 and looks to be headed towards 14,300.
Upper Cap : Bank Alfalah / Arif Habib Ltd. / JOVC / Sitara Peroxide
Market Low : 13,870.98 High : 14,099.65
Market Close : 14,099.65 –214.69 points up
