15,145 - another record high

15,145 - a new highThe KSE-100 index continued its upward march making an new intra-day high of 15,179 and closing up at a record high of 15,145. OGDC was the major flavour of the day closing at its upper limit with 66.3 million shares traded. PSO and Engro Chemical closed at new record highs at 511.10 and 339.15 respectively. Oil nearly touched $106 today. The market looks like it’s  heading for 15,500 with corrections along the way.

News : Oil prices surged to fresh record highs on Thursday, peaking close to 106 dollars as traders continued fretting over supply concerns a day after Opec opted to keep its output quotas unchanged.Market participants said a surprise tumble in US crude stockpiles this week and a small explosion at a military recruiting station in New York earlier Thursday had also boosted prices.New York’s main oil contract, light sweet crude for delivery in April, ended up 95 cents at a record closing high of 105.47 dollars a barrel after jumping to an all-time high of 105.97 dollars in earlier trading… Aaj News

A Memorandum of Understanding (MoU) was signed on Thursday between the Karachi Stock Exchange (KSE) and the Dubai Financial Market (DFM) to develop and strengthen capital markets activities in the region…The objective of signing this agreement is to strengthen and increase the co-operation between both institutions in all areas relating to exchange of expertise and information. It will also work on increasing awareness among both countries investors on the legal framework and investment opportunities available in both bourses. It will also encourage listed companies in both stock markets to cross list their securities… Aaj News

Upper Cap : Packages / OGDC 

Market Low : 14,957.90 High : 15,145.36

Market Close : 15,145.36 – 187.54 points up  

source: karachistockmarket.blogsome.com

Filed under Daily Market News, KSE & SECP News



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