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Daily Times
July 14, 2021
The start of year 2021 has witnessed a much awaited rebound by various global economies but the pandemic has certainly left its mark by revolutionizing the trajectory of economic growth. The World Bank has downgraded the short and medium-term outlook for the World Economy for the year 2021. The COVID-19 Pandemic has geared up and intensified the significance of digital banking across the globe. The world is rapidly shifting towards digitalization with a growing number of countries developing instant payment systems to dynamically and virtually connect their diverse economic sectors and stakeholders. A new global economic landscape is emerging which is being driven by changes in technology, demographics and the environment. Industry 4.0 Technologies are at the heart of this financial revolution powered by Block-chain, Artificial Intelligence (AI) and Micro Payment Gateways. The defining financial trend around the world is the rapid increase of electronic pa
Index clocks at 47,480 level, volume recorded at 102 million shares
July 14, 2021
Market participation continued to dwindle at KSE-100 index in a range bound session on Tuesday, as looming deadline to submit Capital Gain Tax (CGT) kept investors away from the bourse.
On Tuesday, the index clocked at 47,480 level after posting a meagre 33.41 point gain by the closing bell. The index accelerated to an intraday high of 47,585.18 points and slid to an intraday low of 47,439.89 points, moving within a range of 145.29 points and closing the session in consolidation.
Earlier, trading began on a positive note and the index inched closer to the 47,600-point mark in early hours, however, investors took this as an opportunity to book profit, which interrupted the ascent and dragged the market down.