11,796
July 9, 2008
The KSE-100 index actually went into the green zone a couple of times today, the first time in many days. The rapid (but long overdue ) support measures by the SBP on halting the rupee’s slide and yesterday’s news of a Rs. 50 billion market fund being talked about , seemd to be positive catalysts to a certain extent. Volume rose to nearly 50 million shares traded today and several stocks lifted from their lower caps to close plus. Perhaps the market will make a positive close 2moro .
News : Pakistan State Oil (PSO) has paid all its outstanding dues worth Rs 57 billion to different local refineries and banks on purchase of petroleum products particularly diesel and petrol….. the government had granted Rs 62 billion as Price Differential Claims (PDC) to the state-run oil marketing company a week ago. It has also paid outstanding loans of more than Rs 30 billion to the banks… its market share has increased to 71 percent in the current month as compare to 59 percent during May… Daily Times
Market Low : 11,733.42 High : 11,846.94
Market Close : 11,796.47 – 16.77 points down
