06 June 2004	Sunday	17 Rabi-us-Saani 1425

KARACHI, June 5: Roll-over rates on the carryover market were contained within a single-digit limit at 7.4 per cent for the fourth week in a row despite a record increase both in share volume and investment.

Analysts said higher badla volume and investment also played a significant role in KSE mid-week plunge in addition to some other negative factors including rumours of tax on capital gains.

Both the figures soared to highest levels of 58.2m shares and Rs28.7bn on the day the KSE underwent a major correction on June 3, he said.

But in contrast, badla investment on the Lahore Stock Exchange (LSE) fell to Rs3.85bn from Rs4.15bn, a week earlier but carryover rates on the LSE were quoted higher around 15.6 per cent as compared to 12.2 per cent a week earlier.

Meanwhile, the KSE has revised the list of shares eligible for Carryover Transactions (COT) or badla market, trading in which will be resumed from June 21. The number of securities has been reduced to 29 from the previous 30.