15,472 - soaring higher
April 4, 2008
The KSE-100 index shot up to a new intra-day high of 15,523 and closed at another record high of 15,472. 3 record highs in 3 consecutive days. OGDC was the flavour of the day and finally pulled its finger out to make a high of 139.95 having stagnated for days in a range of 133-136.80. It traded 39.4 million shares, 10 times its volume yesterday, and gave the market the impetus for a bigger upward thrust. It’s possible that there could be some correction soon before making more headway to 16,000. Downside support is at 15,300.
Dividends : Pak Reinsurance : 455.55% Bonus. EPS : 69.02
News : Bank Alfalah Limited is acquiring a 15 percent stake in the National Clearing Company of Pakistan Limited (NCCPL)… the approval of Securities and Exchange Commission of Pakistan (SECP) has been received and shares are in progress of issuance. Bank Alfalah is acquiring 1.125 million shares in NCCPL. …After this acquisition, the shareholding structure of NCCPL will be as Karachi Stock Exchange 40 percent, Lahore Stock Exchange 20 percent, Islamabad Stock Exchange 10 percent, Pakistan Kuwait Investment Company (Private) Limited 15 percent and Bank Alfalah 15 percent. The company’s paid-up capital was Rs 63.70 million before selling 15 percent stake to Bank Alfalah. The NCCPL has permission to raise its authorised capital up to Rs 300 million… Aaj News
Upper Caps : Nishat Mills / Azgard Nine
Market Low : 15,345.32 High : 15,523.88
Market Close : 15,472.45 – 127.13 points up.
