7,635
April 7, 2009
The Karachi Stock market closed on yet another positive note today with an enormous volume of 316.2 million shares were traded . It was mainly the garbage "penny" stocks like NIB, Worldcall and TRG that accounted for 75 million odd. The market closed plus despite OGDC and the big "P’s " trading down and is skating on very thin ice now with no real correction in the last 775 points.
News : The Securities and Exchange Commission of Pakistan (SECP) has decided to discontinue CFS Mk-II and Deliverable Futures products in the best interests of the capital markets in Pakistan. The effective date of the discontinuation is Wednesday, April 8th. CFS Mk-II will be phased-out in 3 working cycles of 22 business days. Therefore, the complete phase out will be completed in 66 working days. Starting from Apr 8, 2009, no fresh take-up in CFS Mk-II shall be allowed. Furthermore, no new contracts will be opened in the Deliverable Futures Market from April 20th…. The Nation
Market Low : 7,518.93 High ; 7,689.15
Market Close : 7,635.88 – 116.95 points up.
