5,580 - Market nosedives on Sharif’s disqualification
February 25, 2009The Karachi Stock market got reamed today following the Supreme Court’s decision to disqualify the stupidest fucking politician in the history of Pakistan and his brother, from contesting in elections. Sharif’s hypocritical bullshit over the last year regarding restoring the judiciary did nothing but cause trouble, riots and create political uncertainty. History has shown his dis-regard for the judicial system during his last term and in the long run we should be thankful for one moron less with his absence. It is hard to judge ( no pun intended) the direction of the market until the dust settles from the fallout of the current decision.
Dividends : Hub Power Co Ltd (Hubco) on Wednesday said its first half 2008/09 net profit rose 26 percent from a year earlier to 1.69 billion rupees ($21.16 million).Hubco — the country’s second largest private power producer — reported a net profit of 1.34 billion rupees in the same period last year. The firm also announced an interim dividend of 1.35 rupees per share. The result was slightly higher than market expectations… Aaj News
Market Low : 5,571.38 High : 5,951.23
Market Close : 5,580.78 — 294.05 points minus.
