We need a new thread as the KSE Index crossed 14,000 points.

Bullish trend continues on fourth day at KSE

Thursday, October 04, 2007 - 1555 PST | TheNews

KARACHI: The bullish trend continued on fourth day at the Karachi Stock Exchange as index also crossed the limit of 14,100 on Thursday.

Today, market opened with an increase of 49 points and at one occasion index was seen even at 14,138 points. At the end of the trading day, it became 14,100 points after having a gain of 54 points.

Trade volume was 280 million shares today, 30 million shares less than yesterday’s volume.

Highest volumes were witnessed in the National Bank of Pakistan which closed at Rs271 with a gain of Rs7.65. followed by OGDC which closed at Rs124.90 with a loss of 60 paisa, and Lucky Cement at Rs137.60 with a gain of Rs1.85.

KSE 30-index reached 17,333 points after an increase of 75 points.

Analysts say that the market can cross the highest level in the history of the country by reaching 14,200 points in the coming days.

Mixed trend in KSE, Index closes at 14,099 points

Friday, October 05, 2007 - 1530 PST | TheNews

KARACHI: There was a mixed trend in the Karachi Stock Exchange today. However, index maintained the limit of 14,000 points.

At the end of the trading day, KSE 100 index after a decrease of one point closed at 14,099 points.

Today, market began on positive note and on one occasion index was seen at record level of 14,272 points.

Due to expected decision from the Supreme Court on petitions against the presidential election, investors were seemed nervous and they avoided to take any new position in the market.

Today, trade volume was 290 million shares, which is 10 million shares more as compared to yesterday.

The highest trading was seen today in the shares of Askary Bank. Its share price rose by three rupees to Rs100.20. Price increased in the shares of Bank Alfalah by Rs2.80 and National Bank of Pakistan by Rs3.85 after which the prices of their shares went up to Rs59.15 and 274.75, respectively.

KSE 30 index after going down by two points became 17,332.

Analysts say that during the next week, the KSE 100 index may cross the highest level in the history of the country and can create a new record.

hopefully we won't see a crash if the politics goes the wrong way.

Its market makers who are pushing up the market, otherwise in such situation market must stay falt, if SC decison is against Musharaf then there would be a definate crash, and if not it will break the record up, anyone who trades in KSE or got some technical data source?

I do some investing, but in general terms you summed it up; if the decision is against Mush, you'll see a fall, if it is for Mush you will see a rise. But overall the prices will be very volatile in the next couple of weeks. If you are quick, and lucky you can make a killing in these times; but on the other hand the chances of losing money will increase as well. I am hoping it goes for Mush, and so I am investing further, lets hope I turn out right (for my investment, and for the country).