13,508

13,508A stable, positive session for the KSE-100 index, making a high at 13,521 and closing up at 13,508. Its seems that confidence is slowly creeping back into the market and volumes are rising daily after Fridays low. The return of the exiled buffoon next week could put a spanner in the works.The market has still closed below its 30 & 50 DMA and a close above 13,650 would be positive.

News :  World oil prices surged to a record peak above 99 dollars per barrel on Wednesday on the back of the falling US dollar and tight global crude supplies, traders said. New York’s main contract, light sweet crude for January delivery, rocketed to an historic 99.29 dollars. In London, Brent North Sea crude for January delivery jumped to an all-time pinnacle of 96.53 dollars per barrel… Aaj News

Upper Caps : Adamjee Insurance / Netsol Tech / Arif Habib Ltd (3rd consec.)

Market Low : 13,315.42 High: 13,521.39

Market Close : 13,508.98 — 193.56 points up. 

source: karachistockmarket.blogsome.com

Filed under Daily Market News



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