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........

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