a) Comments:
This is an extract from Karachi Stock Exchange as on December 08,2001, showing on improved performance as compared to the yesterday’s business. The main reason for the increase in price was a good dividend news – most of the companies decided to declare a handsome amount of dividend to their share-holders.
The demand for the purchase of shares was high. This was another reason for cheerful starts as compared to dull business previously.
b) Interpretation:
During the day under review business on future settlement became quite cheerful on account of the announcement of handsome dividend from National Motors. In the very opening of the exchange Shares were 55 paisa up, but looking though the day’s transactions they were the lowest price of Shares for the day. They touched the peak of Rs. 29.00 but closed on Rs. 27.90 owing to subsequent profit selling. On an aggregate, it showed a rise of.