Equity market gains 319 points on policy rate cut hope

KARACHI: The equity market recorded increase of 319 points on Tuesday on expectation of cut in policy rate to be announced this week. The Index closed at 33,603 points as against 33,284... Read more »

PSX seeks permanent reduction in tax rate for listed companies

KARACHI: Pakistan Stock Exchange (PSX) has recommended to lower the rate of tax for listed companies in order to encourage listing in the equity market. “The tax rate should be permanently lowered... Read more »

Stock market trades in narrow range

KARACHI: The stock market gained 16 points on Monday while trading in narrow range. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 33,284 points as against 33,268 points showing... Read more »

FBR proposed to eliminate distortion in withholding tax on dividends from equity investments

KARACHI: Federal Board of Revenue (FBR) has been proposed to rationalize of withholding tax on dividends as higher rate from equity investments discourage investment in the capital market. Pakistan Stock Exchange (PSX)... Read more »

PSX proposes reduction of withholding tax on margin financing transactions

KARACHI: Pakistan Stock Exchange (PSX) has proposed to reduce the rate of withholding tax in the gross income earned on margin financing transactions to 2.5 percent from existing 10 percent. The PSX... Read more »

Weekly Review: market likely remain range bound

KARACHI: The stock market likely to stay range bound in coming week owing to ease in lockdown. Analysts at Arif Habib Limited said that the market to remain range bound in the... Read more »

Stock market ends flat amid narrow range trading

KARACHI: The stock market ended down by 36 points on Friday after narrow range trading. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 33,267 points as against 33,304 points... Read more »

Share market falls by 424 points on profit taking

KARACHI: The share market fell by 424 points on Thursday as profit taking witnessed which resulted in selling pressure during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed... Read more »

Share market ends down 265 points on selling pressure

KARACHI: The share market fell by 265 points on Wednesday owing to selling pressure in major scrip witnessed during the day. The Index closed at 33,728 points as against 33,993 points showing... Read more »

PSX proposes tax relief for exchange traded fund

KARACHI: Pakistan Stock Exchange (PSX) has proposed Exchange Traded Funds, transfer of Portfolio (basket of securities) from Authorized Participant (AP) to ETF’s Account should not be treated as disposal. In its proposal... Read more »