The first exchange yesterday after the budget showed an increase in the price list of the share market. At the end of the day displayed at 7055 while the whole turn over for the day was Rupees 885 million.
Shares of 108 companies marked up while shares of 52 companies slumped. Meanwhile the government’s newly presented budget has encouraged private investors and will be a boost to the economic growth states commerce board.
On a disclosure on the budget the commerce board states the government has taken steps in encouraging the private sector’s involvement in the economy also to waive off unnecessary expenses.
Specially agricultural, establishing competency in the small and medium industries sector, reforms in the pension schemes and reduction of tax rates of institutions are commendable.