15,474
April 8, 2008
The KSE-100 index opened down making a low of 15,371 and then recovered to close at 15,474, the highest close so far. DGKC was the flavour of the day with 51.1 million shares traded . Engro set another record close at 357.90. The bells have started tolling for the exemption of CGT (Capital Gains Tax ) to be removed in the new fiscal year and the sooner the new Govt.’s stance is clarified, the better for the market and foreign investment.
It looks like some correction is due soon. Upward resistance is at 15,500-591 and downside support at 15,300.
News : The Securities and Exchange Commission of Pakistan (SECP) has agreed to a budget proposal of Karachi Stock Exchange (KSE) seeking extension in capital gains tax (CGT) exemption on securities trading business for five years.However, the Commission has proposed that extension in exemption should be subject to a holding period of securities for three months…Aaj News
Market Low : 15,371.63 High : 15,497.06
Market Close : 15,474.07 – 4.33 points up
