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KARACHI: The stock market remained quiet for most of the day as investors avoided the pre-budget rally that is the...

Benchmark KSE-100 index rises 473.87 points to settle at 48,251.49

Market watch: KSE-100 falls below 48,000-point mark Benchmark index sheds 370.36 points to settle at 47,777.62 KARACHI: Uncertainty gripped the stock market on Wednesday as the benchmark KSE-100 index dived over 400 points in intra-day trading ahead of the release of Economic Survey 2020-21 and announcement of federal budget. The government will release the survey report on June 10 and unveil the budget for fiscal year 2021-22 on June 11. It will be the third budget of the Pakistan Tehreek-e-Insaf (PTI) government, in which it is expected to levy new taxes and increase the existing ones. Disc...

Market watch: KSE-100 rises 118 points on budget optimism Benchmark index advances 0.25% to close at 48,211.70 KARACHI: The stock market reversed its trend on Friday and staged a modest rally, helping the KSE-100 index close with a gain of 118 points. Automobile sector stocks attracted substantial investor internet on the back of anticipation of reduction in taxes on cars in the budget for fiscal year 2021-22. A news report suggested that the government was considering slashing taxes on new imported and locally assembled cars of up to 800cc engine capacity in the budget. A spike in internatio...

Benchmark index declines 0.07% to close at 48,093.53