Daily Times
June 14, 2021
Massive relief for the Pakistan Stock Exchange (PSX) in the next fiscal year’s budget, which was also termed as pro-growth by the business community, is likely to push up the bourse in the week starting today (Monday).
Decrease in Capital Gains Tax (CGT) for filers by 2.5 percent, bringing it down from 15 percent 12.5 percent, removal of withholding tax (WHT) on gross income earned on margin financing transactions, plans to bring down circular debt by payment to independent power producers (IPPs), tax exemptions and duty concessions granted to various sectors, maintaining the corporate tax rate at 29 percent, and overall positive environment are likely to be positive for the market.
ISLAMABAD: The government proposed exemption of gifts or donation to provincial and federal authorities from abroad from customs duty in the budget 2021/22.The government placed a different.
Stocks swung wildly in the week to end barely changed because of budget caution; however a cut in a tax on securities is likely to stoke sentiments down the road, dealers said.The KSE-100 shares.
Virus wrecks stocks in third wave havoc
Business
April 6, 2021
Stocks collapsed on Monday as a worsening virus crisis spooked investors into squaring their positions before the lockdowns turned ugly, dealers said, adding economic situation also weighed.
Topline Securities in a note said equities opened the week on a bearish note with the KSE-100 Shares Index closing at 43,548, after losing 1.70 or 752.74 points at the Pakistan Stock Exchange (PSX).
Concerns over the third wave of Covid coupled with a higher trade deficit dampened investor sentiment at the bourse, the brokerage said. Topline report said the major laggards in today’s session were namely TRG, SYS, HBL, LUCK, and UBL that cumulatively dragged the benchmark index lower by nearly 255 points.