6,931
April 1, 2009
The KSE-100 index continued its upward march after yesterday’s correction, making a high of 7,041 and closed up at 6,931. The total volume of shares traded was considerably lower at 144.6 million. The market is headed towards 7,500.
News : The Hub Power Company (HUBCO) has received a payment of outstanding amount of Rs35.458 billion from WAPDA through circular debt settlement arranged by the federal government…. Rs30.156 billion was immediately paid to Pakistan State Oil (PSO) in accordance with the settlement procedure. After this settlement, the receivables against WAPDA are estimated at Rs27.8 billion while HUBCO has to pay Rs24 billion to PSO against the supply of furnace oil… The News
Pakistan’s stocks marched towards a record gain during March 2009 with the KSE-100 index posting a rise of 20 percent. "These huge gains in a month were seen after a gap of 49 months" observed Mohammed Sohail, a leading stock analyst. He said that Pakistan outperformed the emerging markets by 800 basis points in March 2009. He recalled that the last time when the Karachi stock market went up by 22 percent was in February 2005,... Aaj News
Market Low : 6,860.22 High : 7,041.44
Market Close : 6,931.90 – 71.68 points up
