Shares attractive value invites renewed buying

LAHORE - The bulls on Tuesday made a comeback with full strength, as the attractive value of the leading stocks invited fresh buying by the local players mainly due to the rumours that the ECB might propose an extension of two years in CGT on equity trading.

The Karachi Stock Market 100-index climbed to 12,822 level, registering an increase of 237 points.

Hasnain Asghar Ali, a market expert from Aziz Fidahusein and Co, pointed out that flexibility shown by SBP on the notice, restricting banks exposure in equity markets up to 50% of the equity also invited real time bottom fishing as this had been haunting the investors.

The KSE 30-index closed at 15144.46 levels with a gain of 436.37 points. All shares index closed at 9,180.23 levels with a gain of 160.93 points.