Wednesday, 21 December 2011 20:38
ISLAMABAD: Islamabad Stock Exchange (ISE-10) here on Wednesday witnessed bearish trend as the index was down by 35.61 points to close at 2619.38 as compared to the trading of previous day.
Stock Analyst, Ismail Iqbal Pvt Ltd, Zaheer Ahmed told APP that the consecutive foreign selling since last some days caused the negative sentiments in the local bourse.
He said that despite that, there was positive sentiments still because of the rumors of conversion of Capital Gain Tax (CGT) into Tax on turn-over of shares ( Transaction of sales and purchase).
According to the circulating rumors in the local markets, the investors are expecting the visit of Dr. Hafeez Shaikh Finance Minister to Karachi Stock Exchange (KSE) in the next week and it is expected that the minister would announce the conversion of CGT into Tax on Turnover of shares.
Total volume of shares traded was 7,500, which was down by 15,830 as compared ...