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Equities drift lower on lack of triggers

13 1
01.03.2025

KARACHI: Trading on the Pakistan Stock Exch­ange (PSX) remained sluggish on Thursday, with share prices moving sideways. Low trading volumes and a lack of positive triggers contributed to the benchmark index’s continued losses.

Ahsan Mehanti of Arif Habib Corporation said the market closed lower as investors eye corporate and provincial tax reforms ahead of IMF approvals for the budgetary proposals for 2025-26.

“Uncertainty regarding IPP deals and the outcome of tax reforms under the first review of the $7bn Extended Fund Facility next week contributed to a........

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