11,177
July 14, 2008
As expected the Karachi Stock market got badly fucked, as the lower limit was opened to 5% today and the market fell by 518 points. Volumes were on the low side with 49.3 million shares traded, not much different from July 9th when the lower cap was 1% and 50 million shares were traded. Certain blue chips have hit their 2 year lows yet there doesn’t seem to be much buying interest. If there is no support/buying at 5% down 2moro there will be a lot of bleeding investors.
Market Low : 11,161.07 High : 11,695.82
Market Close : 11,177.31 — 518.51 points down
