Pakistan's benchmark share index KSE surged significantly on Thursday, closing up 4.86%, marking its biggest single-day gain in almost a year. This rise came after the government announced its annual federal budget for 2024-25, which alleviated investor concerns by not increasing the capital gains tax. The index rose 2% in early trade and continued to gain momentum throughout the day, ultimately closing at a record high. The PSX 100-index gained 3,410 points post-budget.
PSX booms post-budget 2024-25 with 100-index gains 3,410 pts More details: https://t.co/z0M61HfX4y #ARYNews https://t.co/5yffKyYRtO
Pakistan shares close at record high after budget dispels concern over capital gains tax hike - Reuters https://t.co/BbCg3BecEi
⚠️ PAKISTAN BENCHMARK SHARE INDEX <.KSE> ENDS UP 4.86% ON DAY, BIGGEST SINGLE DAY GAIN IN ALMOST A YEAR
🔵 PAKISTAN SHARES RISE AFTER BUDGET DISPELLED FEARS OF CAPITAL GAINS TAX HIKE Shares in Pakistan rose on Thursday, a day after the government unveiled the budget, which perked up investors by skipping an anticipated increase in capital gains tax, despite an ambitious tax…
⚠️ PAKISTAN'S BENCHMARK SHARE INDEX <.KSE> EXTENDS GAINS, UP 4% ON DAY
#Pakistan's benchmark share index rose 2% in early trade on Thursday to trade at 74,285, a day after the government announced its annual federal budget. Read more: https://t.co/lp5NDznp0z