Stock markets...
Indian Stock Exchange Hits Historic High
Bombay stock exchange: Sensex at new closing peak of 10,173.25
Pak stock exchange makes history!
Karachi stock exchange: KSE index crosses 11,000 level
Don't know when i gona learn all this stock market indexes, but from the look of it, i hope something is goin good back home;)
posted by Tauqeer @ 20:01
6 comments
6 Comments:
I hope so too. I don't keep up with the business news...
KSE fell 260 points today....You know why???
Never look at rise of KSE look at the volume. Like you said KSE closed over 11000 at record high BUT that new high was missing one thing called volume. Past few trading days KSE was gaining but volume was still at recent average of about 800 millions. But yesterday when KSE was closed at a record high volume was just much lower then recent average volume and just little higher than 600 millions shares. That was a big sign of a peak and a warning for expert traders to get out. The only reason KSE rised this much because market makers were able to do a short squeeze on inexperienced traders. People who had sold short shares of KSE had to buy them back from market at their choice of price to cover their positions. Market ran out of gas yesterday because volume failed to rise and it wasn't recorded with index, therefore instead of rising it fell.
Wanna know more???lemme know???you know my email...
Sheharyar
SO they are on the down again?
well technically..YES.. but only 80 points...and its not a big deal..
KSE closed at 10920.09 today...
Can't be helping with the riots :(
Mr Sheheryar, thank you for your detail analysis. Hope to see more of your omments in coming blogs.
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