Karachi, Pakistan – June 11, 2024: Pakistan stocks extended their losses on Tuesday, with the benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) dropping by 663 points amidst concerns over proposed tax measures in the upcoming budget for the fiscal year 2024-25.
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Pakistan Stocks Shed 501 Points on Budget Uncertainties
Karachi, June 10, 2024 – Pakistan stock market experienced a significant decline on Monday, with the KSE-100 index falling by 501 points amid investor uncertainties surrounding the upcoming 2024-25 budget.
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Budget and Monetary Policy to Steer Pakistan Stock Market
The upcoming week at the Pakistan Stock Exchange (PSX) is expected to be driven by two key events: the federal budget for 2024-25 and the Monetary Policy Statement (MPS), according to analysts at Arif Habib Limited.
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Policy Rate Cut Hopes Stave Off Bloodbath in Pakistan Stocks
Pakistan’s stock market experienced a rollercoaster ride on Friday, narrowly avoiding a significant decline thanks to hopes of a policy rate cut by the central bank.
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KSE-100 Index Faces 356-Point Decline Amid Tax Fears
PkRevenue.com – The benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) experienced a significant decline of 356 points on Thursday, extending losses amidst apprehensions surrounding potential taxation measures in the upcoming budget for the fiscal year 2024-25.
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Pakistan Stock Braces for Potential Tax Hike in 2024-25 Budget
PkRevenue.com – Pakistan stock market is jittery over rumors of an increase in capital gains tax (CGT) and dividend tax in the upcoming budget.
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Pakistan Stocks Slide as Banking and Energy Sectors Slump
PkRevenue.com – Pakistan stocks witnessed a decline on Wednesday, extending its recent downward trend. The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) closed at 74,219 points, a decrease of 447 points or 0.60% from the previous day’s closing of 74,666 points.
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KSE-100 Index Plunges 908 Points in Surprise Bearish Trading
PkRevenue.com — The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) experienced a significant downturn on Tuesday, shedding 908 points in a surprising bearish trading session.
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Pakistan Stock Market Falls by 303 Points on Week Start
PkRevenue.com – The Pakistan Stock Exchange (PSX) opened the week on a negative note as the benchmark KSE-100 index dropped by 303 points on Monday, reflecting widespread negative sentiment among investors. The index closed at 75,575 points, down from last Friday’s closing of 75,878 points, marking a 0.40% decline.
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Stock Market Investors to Monitor 2024-25 Budget Next Week
PkRevenue.com – Stock market investors are gearing up to closely monitor developments related to the Federal Budget 2024-25 in the upcoming week commencing on June 3, 2024. Analysts at Arif Habib Limited are optimistic about a positive momentum and suggest that the anticipation surrounding the budget will play a crucial role in shaping market sentiments.
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