For the second day in a row, the Akstan Stock Exchange is on a strong bullish trend, with the benchmark SE-100 index crossing the 77,000 mark for the first time in its history after gaining 877 points today.
According to the PSX website, the KSE-100 index rose 877 points or 1.15 percent to 77,085 at around 10:32 am.
Yesterday, the KSE-100 index reached 76 thousand 208 after an increase of 3410 points or 4.69%.
Topline Securities Chief Executive Muhammad Sohail attributed the bullish trend to the lack of increase in dividend and capital gains tax in the new budget.
It should be noted that two days ago, Federal Finance Minister Muhammad Aurangzeb presented a budget of more than 18 thousand billion for the new financial year 2024-25, in which the salaries of federal employees have increased by 25%, as well as the minimum wage of employees in the country. It has been proposed to fix the salary at 37 thousand rupees and 2122 billion rupees have been allocated for the country’s defense expenditure.
On May 24, the benchmark KSE-100 index hit a new high of 76,000 points.
On May 15, the 100 index rose 565 points to a new high of 75,096 points.
Earlier, the benchmark KSE-100 index crossed the 74,000 mark in the Pakistan Stock Exchange.
A positive trend was seen in the Pakistan Stock Exchange on May 10 when the benchmark SE-100 index rose 427 points to regain the psychological level of 73,000 during early trading.
