13,885

13,885After days of trying to break 14,070, the Karachi stock market finally closed below 13,900 at 13,885, its  lowest close since Jan.28th. NIB Bank was the top scorer today with 12.9 million shares traded. Downside support is at 13,800-700.

News : Foreign investors who have stuck with Pakistan are clearly made of stern stuff as it heads towards an election on Feb.18th …"Investors are still keen on Pakistan and there has been no sharp withdrawal of capital from Pakistan despite the recent events as well as the financial turmoil across the world," Mobius said. "In fact, markets in Pakistan have been fairly resilient."…It has only lost 5.64 percent since Benazir’s death on Dec. 27th 2007…. Aaj News

Upper Cap : PICT
Lower Cap : JOVC 

Market Low : 13,817.18 High : 13,978.39 

Market Close : 13,885.03 — 53.30 points down

source: karachistockmarket.blogsome.com

Filed under Daily Market News



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13,885

13,885After days of trying to break 14,070, the Karachi stock market finally closed below 13,900 at 13,885, its  lowest close since Jan.28th. NIB Bank was the top scorer today with 12.9 million shares traded. Downside support is at 13,800-700.

News : Foreign investors who have stuck with Pakistan are clearly made of stern stuff as it heads towards an election on Feb.18th …"Investors are still keen on Pakistan and there has been no sharp withdrawal of capital from Pakistan despite the recent events as well as the financial turmoil across the world," Mobius said. "In fact, markets in Pakistan have been fairly resilient."…It has only lost 5.64 percent since Benazir’s death on Dec. 27th 2007…. Aaj News

Upper Cap : PICT
Lower Cap : JOVC 

Market Low : 13,817.18 High : 13,978.39 

Market Close : 13,885.03 — 53.30 points down

source: karachistockmarket.blogsome.com

Filed under Daily Market News



Leave a Comment

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