15,122
March 25, 2008
The KSE-100 index made a new intra-day high of 15,297, yet closed down at 15,122. As it is rollover week there could be some more selling pressure. Upward resistance is 15,230.
News : The Securities and Exchange Commission of Pakistan (SECP) has said that CFS MK-II will be implemented from the previously announced date of April 7, 2008 and it would run parallel to the existing CFS with same cap till June 30, 2008…Current CFS Market will have the existing cap of Rs55 billion and 41 eligible securities.CFS Mk-II market will have no cap and will be available on the following eligible securities with effect from April 7, 2008.
Category “A” CFS MK -II eligible securities are Arif Habib Bank , Crescent Steel, Habib Bank , JS Bank, Jahangir Siddiqui & Co., National Refinery, Pace (Pak), Sitara Peroxide and United Bank. Category “B” CFS MK -II eligible securities are Meezan Bank, Pakistan International Container Terminal and Tri-Pack Films..The News
Upper Cap : JOVC
Market Low : 15,101.89 High : 15,297.03
Market Close : 15,122.73 — 59.64 points down
