ITC’s market value has dropped significantly following a recent tax hike on cigarettes. Investors are now looking to the upcoming Budget for clarity on future taxation. While the core business shows resilience, near-term pressure on volumes and margins is expected. The company’s diversified operations offer a buffer against these challenges.
Pakistan stocks see biggest-ever surge after US-Iran ceasefire, KSE 100 jumps 12,000 points
Pakistan’s stock market surged sharply after a temporary ceasefire between the United States and Iran eased tensions. The rally triggered a trading halt amid volatility,