Dawn
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11:31 Jul 07, 2025
The Pakistan Stock Exchange (PSX) soared to new highs on Monday as shares crossed the 133,000 barrier, with analysts attributing the optimism to a “favourable” taxation regime for equities following the passage of the federal budget. The benchmark KSE-100 index rose by 1,771.48 points (1.34 per cent), to stand at 133,720.54 points at 11:21am, from the previous close of 131,949.06 points. It reached an intraday high of 133,862.01 points, before closing at 133,370.14 points — 1,421.08 points (1.08pc) higher than yesterday. The PSX commenced the new fiscal year on a bullish note last week, as the KSE-100 index posted a robust 6.1pc gain during the outgoing week. Continuing that momentum, the market extended its record-setting rally for the seventh consecutive session today. Awais Ashraf, director of research at AKD Securities, noted: “A favourable taxation regime for equities and the increasing likelihood of equities outperforming other asset classes, amid improving macroeconomic indicators and lower inflation, ...