KSE-100 inches closer to 17,000 points in intraday trading

Discussion in 'Pakistan' started by farhan_9909, Dec 8, 2012.

  1. farhan_9909

    farhan_9909 Tihar Jail Banned

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    KARACHI: Pakistani stocks hit a record high in intraday trading for the fourth straight session on Friday, but settled lower as traders booked profits to close out the week.

    The Karachi Stock Exchange’s (KSE) benchmark 100-share index surged as high as 16,903.46 in intraday trading.

    It closed at 16,807.91 points, down 0.10 per cent or 16.64 points.

    The index has hit record highs in eight of the last nine sessions, and was up more than 25 per cent since mid-June.

    Lotte Pak rose 11.32 per cent, or 0.83 rupee, to 8.16 per share, while Azgard Nine was up 2.07 per cent, or 0.18 rupees, to 8.88 per share.

    Maple Leaf Cement fell 6.93 per cent, or one rupee, to 13.43 per share.

    In the currency market, the Pakistani rupee weakened to 96.70/96.76 against the dollar, compared to Thursday’s 96.54/96.59, ahead of scheduled government debt and oil payments, dealers said.

    Overnight rates in the money market eased to 9 per cent from 10 per cent on Thursday.

    KSE-100 inches closer to 17,000 points in intraday trading | DAWN.COM
     
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  3. Known_Unknown

    Known_Unknown Devil's Advocate Stars and Ambassadors

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    Wow great news! What's the reason for the positive market sentiment? Any recent successes in suicide bombings or killing of infidels? :rolleyes:
     
  4. farhan_9909

    farhan_9909 Tihar Jail Banned

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    fall of world fastest growing economy india from 8.4% to 4.9%

    this is the reason
     
  5. sesha_maruthi27

    sesha_maruthi27 Senior Member Senior Member

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    Deleted..........
     
    Last edited: Dec 8, 2012
  6. Singh

    Singh Phat Cat Administrator

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    Guys,

    Keep the banter limited to banter.
     
  7. sesha_maruthi27

    sesha_maruthi27 Senior Member Senior Member

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    Ok BOSS.....
     
  8. Singh

    Singh Phat Cat Administrator

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    I didn't mean you Sesha bhai
    The warning was to be applied henceforth, not retrospectively. :)
     
  9. sesha_maruthi27

    sesha_maruthi27 Senior Member Senior Member

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    Anyway Paji, I did not want to start another debate and fight with our pakistani brother......

    They are not understanding that INDIANS are their brothers and are thinking that the west is providing them with money for just making them as their dogs. I feel very bad that my brothers are still being ruled by the WESTERNERS even after getting Independence.....
     
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  10. Blackwater

    Blackwater Veteran Member Veteran Member

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    All paki black money routed back through Dubai. Its a phoka bubble which Will burst soon
     
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  11. Apollyon

    Apollyon Führer Senior Member

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    Karachi Stock Exchange, the insignificant pariah with a Market Cap of $30 Billion :pound:
    No one cares whether it touch 17k or 170k it will still be insignificant :rofl:
     
  12. Rage

    Rage DFI TEAM Stars and Ambassadors

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    This article is incisive:

    Evolve or die | DAWN.COM
     
  13. Rage

    Rage DFI TEAM Stars and Ambassadors

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    A little insight:

     
    Last edited: Dec 8, 2012

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