Daily Times
* Index up by 0.6pc, average volumes fell by 4pc
July 18, 2021
Stocks witnessed a cautious trading activity in the outgoing week, as risk-shy investors remained away from the index, owing to the rising Afghan crisis and approaching CGT submission deadline.
The benchmark kse-100 index exhibited a range bound session as it clocked at 47,834 points, up 0.6pc WoW, after trading between the weekly high of 47,890 points and a low of 47,388 points, respectively.Moreover, the average trading volumes fell by 4pc to settle at 467 million shares, while the traded value decreased by 10pc to average at $96 million.
Investor sentiments remained lukewarm primarily over approaching deadline for the Investors to submit CGT to the NCCPL by the July 16th i.e Friday, which continued to remain a major reason denting market participation, The NCCPLs’s move to collect CGT till May 21-11 month time, ahead of the normal 12-month time-which ends on June 30th- inflated the investors’ payables, as most of them booked losses in June to net off gains.