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BUSINESS

KSE-100 Index Crosses 77,000 Mark Gaining Over 935 Points

The Pakistan Stock Exchange opened on an overwhelmingly positive note today as the benchmark KSE-100 Index crosses the 77,000 mark by gaining over 935 points and making history again.

Bulls returned to the Pakistan Stock Exchange yesterday - a day after the Government proposed its Budget for FY2024-25 - as shares saw a massive gain of more than 3,400 points in intraday trade.

Economic analysts attributed the upward trajectory to “no increase in tax on dividend and capital gain [tax] (CGT) for investors in the new Budget”.