KARACHI: Stocks nosedived on Friday after the government announced an extra 10 percent super tax on select sectors for one year, which spurred a mass exodus, the largest single-day decline in six.
Stocks barely changed on Tuesday as fresh rupee losses and reports of heavy IMF-dictated taxation in the budget spooked investors out of the market, traders said.Pakistan Stock Exchange s benchmark.
Stocks slumped on Friday, the only working day of the week, as frets over a languishing rupee and expectations of an increasingly hawkish central bank stance spurred exits, traders said.The market.
KSE-100 index gains 0 25pc - Daily Times dailytimes.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailytimes.com.pk Daily Mail and Mail on Sunday newspapers.
Logo of the Pakistan Stock Exchange - The News/fileKARACHI: Stocks plunged almost 3 percent in a broad sell-off on Monday as steaming political tensions spooked investors and added to heightened.