Pakistan Stocks Witness Lackluster Trading Activity, Decline by 145 Points
Karachi, June 15, 2023: The Pakistan stock market experienced a lackluster trading session on Thursday, resulting in a decline of 145 points.
Karachi, June 15, 2023: The Pakistan stock market experienced a lackluster trading session on Thursday, resulting in a decline of 145 points.
Karachi, June 14, 2023: Pakistan’s stock market experienced a modest decline of 24 points on Wednesday in a range-bound trading session.
The government of Pakistan has announced a new minimum tax rate of 1% for companies listed on the Pakistan Stock Exchange (PSX). This proposal is part of the amendments to tax rates related to the Minimum Tax under the Income Tax Ordinance, 2001, as outlined in the Finance Bill, 2023.
In the aftermath of the federal budget announcement for the fiscal year 2023-24, Pakistan’s stock market is poised for a potential reaction to the government’s budgetary measures.
Karachi, June 9, 2023: The Pakistan Stock Exchange (PSX) concluded the week on a positive and optimistic note, with a notable gain of 217.74 points. Investors eagerly anticipated positive outcomes from the upcoming budget, leading to a strong and promising session.
Karachi, June 8, 2023: The Pakistan stock market experienced a significant decline on Thursday as investors adopted a cautious approach ahead of the federal budget announcement.
Karachi, June 7, 2023 – Pakistan’s stock market continued its upward trajectory on Wednesday, buoyed by hopes of a loan program under the International Monetary Fund (IMF).
Karachi, June 6, 2023: Pakistan’s stock markets witnessed a notable increase of 255 points on Tuesday, driven by renewed optimism surrounding the International Monetary Fund’s (IMF) loan program renewal.
Karachi, June 5, 2023 – Pakistan stocks kicked off the week on a positive note, with optimistic sentiments prevailing throughout the day.
With the budget scheduled to be unveiled on June 9, 2023, market participants are closely monitoring its impact on the direction of the stock market. Additionally, investors are keeping a keen eye on the progress of Pakistan’s IMF program review, which adds to the market’s overall sentiment.