Market manages to stay still
The Karachi stock market saw high depression on Tuesday, but key indices were able to put a limit on losses.
KARACHI:
The first half of trading at the Karachi stock market saw high depression, but key indices were able to put a limit on losses on Tuesday.
The situation at the market remained bleak till the final moments of close. Expectations from the benchmark KSE-100 Index were not high but the Index was able to close in the positive zone. KSE-100 Index is currently at 9250 with a 20-point gain.
Total exchange volume for the day was 87 million.
A new proposal for the Capital Gains Tax on stocks sent the index tumbling 2.4 per cent on Monday.