Bearish sentiment prevailed at the Karachi Stock Exchange this week and 100-index plunged 350 points. Expected imposition of capital gain tax and VAT in the next budget, investors remained on sidelines and they preferred selling. Due to which, Index dropped 442 points on first two days. On Wednesday, Index gained 183 points. On Thursday, Index plummeted 171 points while gained 81 points on Friday. So, overall drop at KSE recorded at 3.5 percent. Experts are of the view that investors will remain cautious during the next due to arrival of the budget.
