KSE to stay range bound
2/7/2012 9:47:15 AM
KARACHI: Karachi StocksExchange is likely to witness range bound session on Tuesday as investors are expected to stay sidelines over Supreme Court decision of disqualification of 28 lawmakers that include Finance Minister Dr Abdul Hafeez Sheikh.
Supreme Court on Monday suspended membership of few senators and parliamentarians which has started new debate all together. It is worth noting that market has been very sensitive to news related to Finance ministry and tax authority as investors await official notification of relaxation in Capital Gain Tax. The Karachi Stock Exchange-KSE benchmark 100-share index went up by 154.30 points on Monday and ended the session at 12,136.92 points.
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