Archive for February 16, 2005

Wednesday — 06 Muharram 1426 — 27 Magha 1926 — …

Wednesday — 06 Muharram 1426 — 27 Magha 1926 — 16 February 2005

The Karachi Stock Exchange 100 Index (KSE 100) hit 7,500 points today.


I remember an extremely animated and passionate discussion with friends a while ago about whether the market will hit 3000. I, along with a very small number of friends, was saying that the market will hit 3000. A very large number of people were saying that the market is up above its head and it will fall.

Then the market hit 3000. The same discussion took place before 4000. During the discussion before hitting 5000 people were equally divided. Before hitting 6000 there was a severe attack of optimism.

And this time, 7 % GDP growth, record profits by all the major corporations, job increases across the board and an extremely positive outlook for the economy have made us all feel optimistic.

Have a wonderful future Pakistan !!!