13,998

13,998On Friday,the KSE-100 index made a high of 14,070 and closed up at 13,998. There have been consecutive 10 sessions where the market has closed in the green, 759 points up. Despite  creeping upwards, the market now  appears to be struggling with the main blue chips not going any further. There could well be a correction towards 13,800-700 coming soon. The Donkey Race is on , with Jan.8th as the set date. The Big Thief is in the lead proclaiming that she will participate. The X-exiled Buffoon is yelping boycott , but will surely participate to see what his chances are against the B.Thief. Captain Hunger Strike has decided not to bat, shouting boycott to all and sundry, and making a bigger fool of himself in general, day by day.
The next upside resistance is  14,130-200, with downside support at 13,800.

News :  Oil marketing companies on Saturday cut down furnace oil prices by Rs 1,035 per ton to Rs 36,827.60 from Rs 37,862.60 per ton. The two leading oil marketing companies, Pakistan State Oil (PSO) and Shell Pakistan, on Saturday announced a reduction in the furnace oil prices in the domestic market,"… Aaj News

Market Low : 13,963.59 High : 14,070.20

Market Close : 13,998.52 – 34.93 points up  

source: karachistockmarket.blogsome.com

Filed under Daily Market News



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