Shares at PSX Trim 600 Points on Budget Announcement Delay

Shares at PSX trim 600 points on budget announcement delay

Analyst attributes the decline to media reports of disagreements with IMF over the circular debt resolution plan.

PSX retreats as budget delay weighs on sentiment

KSE-100 Index settled at 118,221.12 points, down 881.55 points, or -0.74%.Index dropped to intraday low of 118,150.27, shedding 952.40 points, or -0.80%.Index recorded a high of 119,290.94 points, gaining 188.27 points, or 0.16%.

Arshad Mahmood Awan Pakistan’s economic plan for the next fiscal year has once again run into an old snag: unresolved negotiations with the International Monetary Fund (IMF). The government has now postponed the presentation of the federal budget until June 10. The delay is being cited as a disagreement with the IMF over key spending issues, including proposals for relief for the middle class and an increase in the defense budget. The IMF sees t…

PSX Closing Bell: Let It Go

May 26, 2025 (MLN): The benchmark KSE-100 Index concluded Monday's trading session at 118,221.12, showing a decrease of 881.55 points or 0.74%. The index traded in a range of 1,140.67 points, showing an intraday high of 119,290.94 (+188.27) and a low of 118,150.27 (-952.40) points. The total volume of the KSE-100 Index was 350.58 million shares. Of the 100 index companies 27 closed up, 70 closed down, 2 were unchanged, while 1 remained untraded.…

PSX tumbles 949 points as tax hikes and IMF tensions trigger investor panic

The Pakistan Stock Exchange (PSX) experienced a sharp decline as investors responded cautiously to reports of possible tax hikes and the introduction of new levies in the upcoming federal budget. The uncertainty surrounding fiscal policies and budgetary measures significantly dampened investor sentiment, leading to a notable drop in the market’s key index. During the trading session, the benchmark KSE-100 index plummeted by 949 points, closing a…

Selling pressure at bourse, KSE-100 sheds nearly 900 points

Negative sentiment was observed at the Pakistan Stock Exchange (PSX) on Monday, with its benchmark KSE-100 Index...