9,058
September 11, 2009
The week has ended on a positive note at the Karachi Stock Exchange. While the market looks like it is skating on thin ice, about to undergo a big correction at any point, it seems to be holding up. A lot of foreign money has boosted the KSE-100 index this month, more than for the whole month of August.
News : Oil and Gas Development Company Limited (OGDCL), in a joint venture with PPL and GHPL discovered additional hydrocarbon reserves of 4,200 barrels of oil per day and 17 million of gas in the upper Lockhart Zone, according to a press release on Friday…Daily Times
The Karachi Stock Exchange has adopted the ‘Industry Classification Benchmark’ (ICB), a jointly developed classification system launched by FTSE Group and Dow Jones Indexes, to classify and analyse specific sectors of Pakistan’s stock market, using internationally accepted standards…. the ‘Industry Classification Benchmark’ provides a comprehensive system with four levels of granularity - industry (10), supersectors (19), sectors (41) and subsectors (114) and facilitates cross-border company comparison.The ICB will replace KSE’s own classification system after a transition period in which KSE will run both classification systems parallel to allow a smooth adoption process. The ICB is the standard used by major stock exchanges, data distributors, index providers, buy-side and sell-side institutions, custodians and media organisations globally...Aaj News
Market Low : 8,996.19 High : 9,153.53
Market Close : 9,058.77 — 62.58 points up
