Following the budget announcement, the Pakistan Stock Exchange witnessed a robust bullish trend. On the first day post-budget, the market welcomed the new financial measures with significant gains. The Hundred Index surged impressively by 1,708 points, reaching 74,505 points, as two critical thresholds of 73,000 and 74,000 points were reinstated.
Moreover, the PSX 100 index crossed the significant milestone of 75,000 points, reaching the benchmark of 75,676 points with an increase of 2700 points.
Read more: Complete Details About the Pakistan’s Budget 2024-2025
Several key factors have contributed to this positive trend, including the decision not to raise capital gain tax on filers and the absence of a tax on dividends, which has bolstered market sentiment.
The announcement of a Rs1,500 billion development budget has also had a favorable impact on the market. Earlier in the day, the 100-Index surged by 1,516 points to 74,313 points, reflecting the market’s positive reaction to the budget.
Business activity began on a positive note, with the 100 Index initially rising by 637 points, reaching 73,435 points, and the market surpassing the significant 73,000 points threshold.
