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KSE crosses 16000 points
April 27, 2012
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KARACHI – Due to the Presidential Ordinance about not questioning the source of income from the investors the trading has been speed up in the Karachi Stock Exchange (KSE).

The ordinance has no retrospective effects and the investors who have invested in the stock markets before the ordinance will be asked about their source of income. They will be required to file a statement of investment along with their income tax return for the current tax year. While the new investors who invest after the ordinance will not be asked about the source of their finance in stock market. The ordinance excited the new investors in result a high trend was seen in the KSE-100 Index which crossed 16000 points because of the high volume of shares trading.

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