7,670 - volatility
April 16, 2009The Karachi Stock market opened up and made a high of 8,022 points. Unable to sustain its gain, the market closed down at 7,670. Today was one of the more volatile sessions with the KSE-100 index swinging 426 points between its high & low. There could be further corrections down to 7,500. The market could well stay volatile until its clear what is announced re: the monetary policy on Monday.
News : The International Finance Corp (IFC), a member of the World Bank Group, is making a $50 million equity investment in Packages Limited, Pakistan’s largest paper and board producer…With IFC’s support, the company will also undertake several programmes designed to have a positive impact on climate change. These include increased waste-paper collection and installation of waste-heat recovery systems and closed-loop systems for water at company factories…The News
Market Low : 7,595.60 High : 8,002.07
Market Close : 7,670.08 — 137 points down
