The Pakistan Stock Exchange experienced a strong bullish trend following the budget announcement. On the first day post-budget, the market welcomed the new financial measures with notable gains. The Hundred Index saw an impressive increase of 1,708 points, reaching 74,505 points, as two critical limits of 73,000 and 74,000 points were restored.
Key factors contributing to this positive trend include the decision not to increase the capital gains tax on filers and the absence of a tax on dividends, both of which have been favorable for market sentiment.
The announcement of a Rs1,500 billion development budget has also positively affected the market. Earlier in the day, the 100 Index rose by 1,516 points to 74,313 points, reflecting the market’s positive response to the budget.
Business activity began on a positive note, with the 100 Index initially increasing by 637 points to reach 73,435 points, allowing the market to cross the significant 73,000 points threshold.
