14,944

14,944A choppy ride on the KSE-100 index today with a low of 14,818, a high of 14,959 and a positive close of 14,944. Bank Alfalah was the flavour of the day with 23.5 million shares traded and closed at 64.40, its high for the year so far. The next upward resistance is 15,085.

News : World oil prices continued their record charge on Tuesday, rocketing close to 110 dollars amid lingering supply concerns and as the US dollar plumbed fresh lows against the euro. Traders say oil prices have also been propped up because "black gold" is priced in dollars and buyers and speculators armed with stronger currencies than the US dollar are buying up oil contracts.New York’s main oil futures contract, light sweet crude for delivery in April, finished up 85 cents at a record closing high of 108.75 dollars per barrel after hitting an all-time intra day high in earlier trading of 109.72 dollars… Source : Aaj News

Upper Cap : Azgard Nine

Market Low : 14,818.12 High : 14,959.06

Market Close : 14,944.71 — 31.93 points up. 

source: karachistockmarket.blogsome.com

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