Economics & Business

Selling pressure continued at capital market

KARACHI: The selling pressure continued at the local capital market on the third consecutive day on Thursday as the benchmark KSE-100 Index sliding by 390 points, plunged below 12000 points to peg at 11870. The investors opted to remain sidelined as unconfirmed reports of government contemplating increase in the Capital Value Tax (CVT) hit the market besides outflow of investment. At one point the major Index even witnessed the day’s lowest at 11,704 points as energy and banking scraps received heavy battering. Some recovery later pushed the Index to close the day at 11,870 points. Trade volume was registered at 160 million shares, showing an improvement of 40 million shares compared to yesterday. KSE-30 Index plummeted by 521 points to 13, 673

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Rubab Saleem

Rubab Saleem is Editor of Pakistan Times

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