The prudence of investors has returned to the equity market on Wednesday as a global an increase, low oil prices and renews concerns concerning the tax compliance scheme in Pakistan.
Market players have sailed on a volatile session in the midst of the caliber on American trade policy and warnings from the Asian Development Bank (BAD) on gaps in the application of taxes. The instability of the roupie and the fall in global actions have amplified the sale pressure in the key sectors.
Pakistan Pakistan Pakistan Pakistan Benchmark KSE-100 index settled at 132,576.98 points, down 826.21 points or 0.62%, compared to the previous fence of 133,403.19.
During the session, the index hit an intraday summit of 133,566.37 points, winning 163.18 points or 0.12%, before diving at a minimum of 132,326.17 points, reflecting a drop of 1,077.02 points or 0.81%.
“Actions under pressure on Bearish global actions and low -world crude oil prices in the context of fears about the results of the American commercial rate,” said Ahsan Mehanti, CEO and CEO of ARIF Habib Mercies.
“Ruel’s instability, uncertainty about the results of the BAD concerns on FBR tax compliance played the role of catalyst in the lower activity at PSX,” he added.
In a separate development, the Securities and Exchange Commission of Pakistan (SECP) announced a record of 35,000 and more incorporations of companies during the 201025 – the highest of all time for a single exercise. This step is attributed to digital transformation and reforms of the SECP company register.
Since March 3, 2025, all newly incorporated companies have been required to issue actions in dematerialized form to avoid disputes. SECP also aligns with the framework of the World Bank, incorporating gender disaggregation data and verifying the ultimate owners (UBO).
In addition, changes in projects have been launched to make UDID compulsory for ICMAP members and extend cost audit regulations to the automotive sector.
Tuesday, the KSE-100 reference index increased by 33.04 points, or 0.02%, to end at 133,403.19 points, against 133,370.15 in the previous session. The intraday high was recorded at 134,200.27 points while the bottom reached 132,696.36.
