13,993

13,993Once again, the KSE-100 index opened up, made an intra-day high of 14,066 and then slid down to a low of 13,920. The market recovered to close down at 13,993. Arif Habib Securities Ltd. was the volume leader and traded 12.2 million shares from today’s total of 74.3 million.

Dividends : Nestle Pakistan : 100% Cash EPS : 39.81

News :  The Pakistan Telecommunications Company, has made an investment of $50 million in submarine cable being a part of a consortium that will put in place a high-capacity fiber-optic submarine cable, stretching from India to Italy and France via the Middle East…The cable design covers a distance of almost 14,000 kilometres and the system is likely to be available for service by the end of 2009. The system will have a capacity of 3.84 terabits per second…The nine companies that form the consortium include Bharti (India), Etisalat (UAE), France Telecom (France), Ogero (Lebanon), PTCL (Pakistan), STC (Saudi Arabia), Telecom Egypt (Egypt), Telecom Italia Sparkle (Italy) and VSNL (India)… Business Recorder

Market Low : 13,920.90 High : 14,066.85

Market Close : 13,993.92 – 24.26 points down 

source: karachistockmarket.blogsome.com

Filed under Daily Market News, Dividends, Telecommunication



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