7,432
April 5, 2009
An incredible week for the Karachi stock market with the market closing at 7,432 on Friday, an increase of 629 points ( 9.24%) since the following Friday. The market has reached its 7,500 target and there should be a healthy correction coming soon.
News : National Bank of Pakistan will hold its 60th annual general meeting on April 28 in Karachi where a resolution will be presented before shareholders to approve increase in the bank’s authorized capital from Rs 10 billion to Rs 25 billion… Daily Times
Iraq’s Oil Ministry has qualified nine foreign oil firms out of 38 interested parties for a second round of bidding for contracts in some of its prized oil and gas fields. The firms are Russian state oil firm Rosneft and Russian mid-sized oil firm Tatneft, Kazakh state-run KazMunaiGas, Vietnam’s Petrovietnam, Angola’s state-owned Sonangol, state-run Pakistan Petroleum Ltd (PPL), Japan Oil, Gas and Metals National Corp (JOGMEC), Cairn Energy PLC of Britain and state-run Oil India Ltd…. Aaj News
Market Low : 7,191.09 High : 7,479.31
Market Close : 7,423.88 – 241.79 points up
