Updated on
Summary First day after the federal budget, the Karachi Stock Exchange (KSE) showed downward trend.
According to market experts, the downward trend was due to no change in Capital Gain Tax. However, increase in Corporate Tax and decrease in Federal Excise duty on cement improved the trade volume.The market ended the day with a decrease of 25 points to close at 12,211 points. More than 100 million shares were traded.
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