PSX index historic high of 77,000 points reflects changing dynamics and investment potentials in Pakistan's stock market.
The share prices hit a historic high at Pakistan Stock Exchange on Friday as the stocks gained more than 1, 000 points , only a day after recording the biggest single-day gains, reported 24NewsHD TV channel.
The benchmark KSE-100 index surged by 1,097 points or 1.44 percent taking the index to 77,305.28 points as compared to the previous day’s close at 76,208.16. On Thursday, the index had soared more than 3,400 points, which came a day after the government unveiled the federal budget for the next fiscal year, sparing the stock exchange from any new tax measures.
The budget cheered the buyers by avoiding an anticipated increase in capital gains tax, despite an ambitious tax revenue target. Bulls returned to the PSX on Thursday as shares saw a massive gain of more than 3,400 points. The index closed at 76,208.16, up by 3,410.73 or 4.69pc, from the previous close of 72,797.43 points.KP govt leaves Centre behind, presents Rs1700b annual budget todayPunjab govt asked to hike agriculture income tax by up to Rs2,000 per acre
PSX 77 000 Points Stock Market Trends Pakistan Investment Opportunities PSX Economic Growth Indicators
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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