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Pakistan's stock market fell 0.65% amid profit-taking and concerns over potential new taxes.
The Pakistan Stock Exchange (PSX) saw the KSE-100 Index fall by 778 points, or 0.65%, closing at 119,153 points on Thursday.
This decline was driven by profit-taking and concerns over the upcoming federal budget and potential new taxes proposed by the International Monetary Fund (IMF).
The market remained cautious as investors await clarity from the budget announcement.
Globally, Asian stocks showed tentative gains but were still set for a weekly loss amid US fiscal concerns.
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El mercado de valores de Pakistán cayó un 0.65% en medio de la toma de ganancias y las preocupaciones sobre posibles nuevos impuestos.