The bourse, on the back of local investor interest saw the benchmark ASI and the more sensitive MPI gain by 150.14 and 276.34 points over Thursday’s close, to finish the week at 7,147.36 and 7,829.05 respectively.
Turnover was Rs. 6.02 billion. Interest was seen across the board in banking stock and JKH in particular, a market source told The Sunday Leader. “We see funds, which previously were invested in fixed income instruments entering the market because of the low interest rate regime, he said. Interest in banking stock was because of speculation that Budget 2011 will see the removal of the financial services VAT.
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