Geo News

PSX gains 1,500 points

Rise follows continuous decline witnessed this past week

By
Ashraf Khan
|

June 05, 2017

KARACHI: The Pakistan Stock Exchange (PSX) showed considerable gains on Monday after a constant decline witnessed in the past week. 

PSX sees decline of over 1,800 points

Investors are selling their shares due to increase in tax on dividends

At the close of trading on Monday, the KSE 100-index had showed a rise of over 1,500 points, standing at 50,120 points.

In the past week, the benchmark index fell by around 4,000 points due to the market's reaction to some 'unfriendly' measures announced in the recently presented federal budget 2017-18. 

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