Taurus Securities Limited - Market Roundup (19 July 2023)

FLASHNEWS:

Pakistan Carpet Industry Seeks Tax Refunds and Government Support

Budget Criticized for Lack of Export Strategy and Growth Initiatives

KATI President Calls for Enhanced Federal Funding for Karachi’s Development

New Provincial Grants Support Federal Budget FY27 Amid Fiscal Deficit Concerns

Pakistan Unveils FY27 Federal Budget with Focus on Relief and Revenue Mobilization

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Taurus Securities Limited – Market Roundup (19 July 2023)

July 19, 2023

Karachi, July 19, 2023 (PPI-OT): KSE-100 lost 33 points yesterday, to close at 45,009 with 254Mn shares being traded. Top performance as per price change was witnessed in COLG, AVN and FABL. Top decliners HCAR, PSMC and AIRLINK. Activity was mainly concentrated in Banks, Technology and Cable.