PSX gives 38% return on investment Market expected to maintain growth momentum in new fiscal year PHOTO: AFP KARACHI: Taking cue from the government’s business-friendly policies, low interest rate and economic turnaround in fiscal year 2021, the Pakistan Stock Exchange (PSX) exhibited a seven-year high performance as it gave a return of 38% on investment in shares in the year ended Wednesday. PSX’s benchmark KSE 100 Index increased 38% (or up by 12,934 points) during the year and closed at 47,356 points. In US dollar terms, the market offered a return of 46.22% in FY21. The market is expected to maintain the growth momentum in the new fiscal year 2022 starting on Thursday (today) following a cut of 2.5% in capital gains tax (CGT) on sale of shares to 12.5% with effect from July 1 compared to 15% since FY17.