14,556
The Karachi Stock market made an intra-day high of 14,680 and closed down at 14,556. Arif Habib Securities was the flavour of the day with 30 million shares traded. The market could do with a good correction here to enable it to rise further and restest its previous high. Downside support is at 14,500-14,300.
News : President Pervez Musharraf has rejected any change in petroleum products’ pricing policy, leaving no other option for the caretaker government to absorb billions of rupees more as subsidy every month for protecting the consumers from international market price-hike… Source : Aaj News
Upper Caps : Bhosricor Refinery / Azgard Nine / Pakistan Cement
Market Low : 14,552.71 Market High : 14,682.87
Market Close : 14,556.13 — 76.51 points down
source: karachistockmarket.blogsome.comFiled under Daily Market News
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