Weekly Market Review 7 Dec – 9 Dec

Bouncing back, the KSE 100 index climbed 0.63% by 72 points to close at 11,465 in the last trading session with 43 million shares traded. The market capitalization increased by Rs 18 billion to Rs 2,982 billion. Out of total 298 shares traded, 102 declined, 101 advanced, while 95 closed unchanged. A flurry of activity was witnessed from Thursday’s trading session onwards with positive expectations between the SECP and KSE collectively agreeing on relaxing the rules for capital gains tax collection. KSE members developed a consensus that tax should be collected under the Presumptive Tax Regime (PTR) instead of on the sale of shares. In addition, an agreement was made on differing capital adequacy requirements for both traders and stock clearing members.

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