12,878
June 10, 2008
Another volatile day at the Karachi Stock Exchange with the index dipping down to 12,685 and recovering to close at 12,878. The jitters will continue till the Budget is announced.
News : The Saudi government has finally agreed to provide Pakistan crude oil worth $4.82 billion on soft terms,… a highly crucial Saudi oil facility of 110,000 barrels a day on two years credit…At present, the sources said, Saudi Arabia and UAE have been providing Pakistan crude oil on deferred payments for 30 days. According to experts, Pakistan has to import 82 percent of its yearly consumption. The country imports around 250,000 barrels per day from Saudi Arabia, 150,000 from Abu Dhabi, 18,000 from Qatar and 15,000 from Iran… Aaj News
Upper Caps : JOVC / Packages
Lower Caps : Adamjee Insurance
Market Low : 12,685.18 High : 12,912.66
Market Close : 12,878.04 — 30.19 points down
