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  • Bloodbath at PSX as benchmark index plunges over 2,041 points

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    Bloodbath at PSX as benchmark index plunges over 2,041 points File Photo Bloodbath at PSX as benchmark index plunges over 2,041 points

    Pakistan Stock Exchange (PSX) experienced the worst downturn at the beginning of the last day of the business week as the PSX-100 index plunged and lost two benchmarks of 72,000 and 73,000.

    The PSX-100 index reached to 7,1090.

    On the instructions of the IMF, the possibility of a new tax of Rs2 trillion in the budget took the market down.

    Brokers said there is a report of increasing the capital gain tax on the income of shares in the budget.