11,813
July 8, 2008
More of the same today as the Karachi Stock market closed down yet again , despite a marginal increase in volumes to 18.9 million shares traded. Oil got a good hammering today and was down by $5. The rupee got fucked further and closed at 72.80
News : The Securities and Exchange Commission of Pakistan (SECP) and Karachi Stock Exchange (KSE) board meeting held here on Tuesday ended with a note to form a market support fund worth Rs 50 billion with the help of the institutions. Sources said that SECP will arrange and co-ordinate with the institutions and board of KSE will give a presentation. "If everything goes right then the fund will inject liquidity after the July 15th, 2008 meeting of locks revision", they added. Meanwhile the SECP has decided to convene a meeting of three stock exchanges on Friday, July 11th… Aaj News
Market Low : 11,797.17 High : 11,878.38
Market Close ; 11,813.38 – 65.14 points down
