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Stocks lose 803 points on profit-taking

23 1
23.01.2025

KARACHI: In contrast to the global bullish trend in world stock markets following the inauguration of Donald Trump as the 47th president of the United States, Pakistani shares decli­ned on Tuesday due to aggressive selling triggered by proposed changes to tax laws.

Topline Securities Ltd reported that the benchmark index started the day on a positive note, reaching an intraday high of 116,425 points. However, mid-session profit-taking caused the index to close at 115,042 points, resulting in a loss of 803 points, or 0.69 per cent, from the previous day.

The brokerage house observed that the tax changes may impact........

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