KARACHI: The Karachi Stock Exchange Monday started week with negative note as 100-index plunged by 597.68 points or 1.76 per cent to 33414.81 points level.
Last week, the stock market continued to climb upwards as investors went on a buying spree ahead of the budget announcement, resulting in the benchmark KSE-100 index gaining 955 points (2.9%) to close above the 34,000-point barrier.
However, the analysts have predicted that the hike in Capital Gains Tax (CGT) announced in the federal budget will likely suppress market sentiment in the current week.
