KARACHI – Pakistan Stock Exchange (PSX) maintained bullish trend during its first session after Eid holidays amid ongoing talks with the International Monetary Fund (IMF) and Budget 2024-25.
The KSE-100 index has gained over 1400 points till 11:16 am to reach 78,142.67 points with experts believe that the stocks would register further gains.
Major buying activity was observed in commercial banks, fertilizer, oil and gas exploration companies.
The market has responded positively after the federal government unveiled the budget for fiscal year 2024-25. It has proposed an increase in taxes on salaries class.
The ongoing buying spree is being attributed to the measures introduced by the government in the federal budget for 2024-25.
More to follow…
