6,340
March 22, 2009
This has been one of the more successful weeks for the Karachi Stock market in a long time . From last Friday ( 13th ) to the 20th , the market has risen 590 points (over 10% ). The end of the week saw some profit taking as the market was becoming quite overbought . There could be some more downside towards 6,200.
News : Some details on the new Petroleum Policy :
The government on Friday raised the wellhead gas price cap to $100 per barrel of crude oil price, from $45, in the new ‘Petroleum and Exploration Policy 2009′, to attract investment announced here. However the floor price cap has been placed at $10 per barrel of crude oil… Aaj News
Market Low : 6,313.16 High : 6,546.45
Market Close : 6,340.36 – 100.64 points down
