7,710
July 20, 2009
It’s possible there could be some further correction in the Karachi Stock market this week as it struggles to close above 7,800. A correction would help pushing the market over 7,800 and past 8k which will mostly likely happen when the Monetary Policy is announced at the weekend .
News : Oil Marketing Companies will establish 200 ethanol petrol pumps across the country by 2010 at a cost of Rs4 billion…PSO will set up 30 E-10 filling stations in various cities of the country. The company has started selling from one of its petrol pumps E-10 fuel which is Rs2.40 per litre cheaper than the regular fuel….the government has already exempted the E-10 fuel from sales tax… The News
Market Low : 7,694.63 High : 7,807.09
Market Close : 7,710.64 — 53.37 points down
