KARACHI – The short week saw the local bourse recover after falling to a low of 11,875 points. News pertaining to approval of Margin Trade System (MTS) triggered the recovery. Average daily volume of 74.21 million shares was fairly low compared to the preceding week.
The bullish momentum, observed from the onset of current year, lost its glory after touching an intra day high on Jan 18, 2011 of 12,768 points. The index return depleted to merely 0.16 percent, largely due to a 98 points recovery in the current week, which kept the return in positive zone. Gloomy picture, backed by US citizen murder trial by Lahore high court, kept investors cautious.
Issuance of SRO for computation of capital gain tax also instilled fear in investors and brokers
