KARACHI: Karachi Stock Exchange (KSE) 100-index after one day closure on Independence Day has gained 412.20 points to end the business week at 28917.25 points with an increase of 1.45 per cent.
KSE 100- index intra-day value witnessed improvement even after the political instability as share holders showed maturity. The KSE 100-index intra-day value rose slightly 23.36 to hit highest of day 28941.11 and plunged 412.2 points hitting 28505.55 points. The total trading volume of market was 5,147,326,573 shares for Friday.
The latest bullish trend led 100-index to go closer to psychological barrier of 30,000 points.
The top advancers of the day were Pace (Pak) Ltd, P.T.C.L.A, D.G.K Cement, Fatima Fertilizer while the Pak services, Bata (Pak) Ltd, Bhanero Tex remained the losers of the day.
As a whole 39.34 per cent of companies witnessed increase in their shares while 10.41 per cent lost their share value and 3.14 per cent companies remained stable.
The financial analysts said that even Pakistan is facing worse political disturbance, 400 points increase in 100-index shows mature trading by share traders. “PTI and PAT marches have not affected the stock to that extent as they were expected,” they added.
FTO makes online hearings default for tax complaints
LAHORE: The Federal Tax Ombudsman (FTO) has made online hearings the default mode for resolving tax complaints at its headquarters...
