7,296
May 12, 2009Sitting idle for the last 2 sessions with its thumb up its bum, the KSE-100 index ( "the world’s worst performer " ) woke up today, making a high of 7,313. The market closed up at 7,296, sustaining its gains for once and could go higher 2moro as the day passed peacefully. Closing above 7,500 would be a positive sign. Oil touched $60 a barrel today, the first time since November 2008.
News : Pakistan’s benchmark stock index, the world’s worst performer over the past month, may rebound as the country intensifies its attacks against Taliban militants, Credit Suisse Group said.The Karachi Stock Exchange 100 index, or KSE 100, as the index is also known, may climb to 9,000 if the country’s militaty campaign is successful, Credit Suisse said. The measure added 2.4 percent to 7,296.90 at the close, the biggest gain since April 24.The gauge dropped 6.1 percent over the past month, making it the world’s worst performing index, according to data tracked by Bloomberg. The index was the fourth-best performer in the first quarter after advancing 17 percent…. Bloomberg
Market Low : 7,122.92 High : 7,313.91
Market Close : 7,296.90 – 173.98 points up
