10,171 - Moody’s rating for Pakistan remains at B2.
August 11, 2008
The KSE-100 index continued upwards to make a high of 10,240 and closed up at 10,171. The market got the boost from the fact that Moody’s didn’t downgrade their rating on Pakistan. The next upward resistance is 10,500
News : Moody’s will maintain its rating for Pakistan despite political and economic problems country is facing, a senior analyst from the ratings agency said on Monday. Moody’s downgraded Pakistan’s rating to B2 from B1 in May because of growing economic imbalances and political difficulties that analysts say have plagued the government that came to power after the February elections. "B2 is a stable outlook and that’s the way it’s going to stay for now,"… Aaj News
Market Low : 9,893.20 High : 10,240.37
Market Close : 10,171.86 – 262.41 points up.
