10,719 - President Musharraf resigns
August 18, 2008
The KSE-100 index shot up to 10,719 on the news that President Pervez Musharraf finally resigned in the closing minutes of the market. The erection in the graph in the last 20 mins shows an increase of some 200 points. P.Mush’s resignation has removed the uncertainty factor for the market, which could well continue going up as many results are due this week and the next. Whatever P.Mush’s mistakes may have been, he is to be given credit for boosting the country’s economy, foreign reserves and the KSE-100 index. Perhaps his greatest service was to rid us of the stupidest fucking politician in the history of Pakistan, in 1999. Unfortunately not forever ! There is now no excuse for the current feeble govt. to not focus on improving the country’s economy and they should resolve the new president and judges restoration as soon as possible for more stability.
Dividends : Jahangir Siddiqui & Co. : 243.77% Bonus EPS : 86.37
JS Global Capital : 50% Cash : EPS : 17.48
Market Low : 10,258.71 High : 10,722.63
Market close : 10,719.62 — 460.91 points up
