KARACHI: The KSE-one hundred index of Pakistan Inventory Change noticed a down flip with a decline of greater than 1810.seventy six factors closing at forty eight,7870.eighty one factors on Thursday.
Throughout buying and selling, the benchmark index was down -four.four% which is the steepest fall since August eleven, 2014 when the market fell by -four.5%.
Because the finances has been introduced, a development has been witnessed out there – buyers are promoting their shares. That is due to the rise in tax on dividends from 12.5% to fifteen%. The shares that have been purchased on July 1, 2013 now have a tax of 15% on them.
The rise in taxes has a adverse influence on the share market, in response to monetary analyst Muzammil Aslam.
On Wednesday the KSE-one hundred index noticed a decline of 861 factors entire on Tuesday the index misplaced 685 factors.
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