KSE closes above 11,700 points level

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KSE closes above 11,700 points level

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Karachi Stock Exchange witnessed bearish trend but 100-index maintained level of 11,700 points.

13 April,2011 07:08 pm

The market remained in the negative zone due to speculations of imposition of wealth tax and extra taxes on banks in the next budget. Investors remained cautious due to low chances of any breakthrough in talks with the IMF, however, expected decline in circular debt is likely to put positive impact on power sector.At the end of the day, KSE 100-index closed at 11,734 points with a decrease of 61 points while business volume recorded at 47 million shares.