12,289 - lowest volumes in many years !
June 30, 2008
The KSE-100 index traded only 7.3 million shares today, the lowest volume of shares traded for many years. It closed down at 12,289. While oil keeps shooting up and regional markets are getting buggered as well, the horizon appears gloomy for the moment.
News : The Securities and Exchange Commission of Pakistan (SECP), in the best interest of the capital market, has allowed associated companies of the fund managers to invest in mutual funds. This decision will bring mutual funds at par with the commercial banks…. Source : Aaj News
The government has increased gas prices by 31 percent and that of Compressed Natural Gas (CNG) by Rs 13 per kg. The new rates will be effective from July 1. The Oil and Gas Regulatory Authority notified the new rates on Monday… Source : Aaj News
Market Low : 12,256.37 High : 12,353.19
Market Close : 12,289.03 – 64.16 points down
