Stocks close bearish amid tax hike concerns
Summary by The Express Tribune
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Stocks close bearish amid tax hike concerns
The Pakistan Stock Exchange (PSX) endured a volatile session on Monday as investor interest remained muted ahead of the federal budget announcement. The KSE-100 index reached the intra-day high of 1,018 points before hitting the low of 899 points and closing at 118,878, a drop of 813 points, or 0.68%. Analysts attributed the bearish activity to reports of proposed tax hikes on banking and saving schemes as well as additional petroleum levies. Mo…
·Pakistan
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