7,162
June 30, 2009Dividends : PTCL : 15% Cash
News : The Karachi Stock Exchange on Tuesday informed its members that the collection of Capital Value Tax (CVT) has been withdrawn only on purchase value of shares of listed companies with effect from July 1st, 2009 on the trade/transactions carried out on and after such date as per amendments made in Income Tax Ordinance, 2001 through the Finance Bill, 2009.However, collection of CVT will remain applicable on purchase of Modaraba certificates or any instruments of redeemable capital listed on the registered stock exchanges in Pakistan….On the other hand, the market participants were still confused regarding the collection of FED on brokerage imposed in the budget 2009-10….the new tax will have to be collected from the beginning of the new fiscal year ie July 1st, however, it is still not announced whether the tax would be collected on exchange level or through brokers… Aaj News
Market Low : 7,156.15 High : 7,246.37
Market Close : 7,163.18 – 43.99 points down
