15,275 - further highs
March 27, 2008
Slowly but surely the Karachi Stock market is setting new highs.Today’s close at 15,275 and intra-day high of 15,333 have broken all records (so far ). The market is nearly 4000 points up from 27/3/2007. Arif Habib Securities was the top scorer in terms of volume with 22.6 million shares traded. 2moro’s "Friday show" could well see some selling / correction. Upward resistance is at 15,333 and downside support is at 15,120-050.
News : In its budget proposal for the fiscal year 2008-09, the Karachi Stock Exchange (KSE) has recommended to the Minister of Finance to extend the exemption in Capital Gain Tax (CGT) in shares market up to June 30, 2013… The News
The Pakistan Peoples Party is considering to nationalize Karachi Electric Supply Corporation (KESC) to control the power crisis in Karachi…Source : Aaj News
Upper Cap : Adamjee Insurance
Market Low : 15,198.86 High : 15,333.97
Market Close : 15,275.47 — 76.60 points up.
