Date: February 28, 2025 | Daily Forex Pakistan
Opening Update: As of 9:30 AM, the KSE-100 Index commenced trading at 113,784.31 points, reflecting a stable opening compared to the previous close. Investors are closely monitoring market dynamics following recent economic reports and corporate announcements.
Previous Session Recap: On February 27, 2025, the KSE-100 Index experienced a marginal decline, closing at 113,784.31 points, down 78.02 points or 0.07%. The session was characterized by range-bound activity as investors engaged in profit-taking amid a lack of significant market triggers. The index fluctuated between an intra-day high of 114,457 points and a low of 113,730 points. Analysts attributed the subdued performance to uncertainties surrounding corporate and tax reforms ahead of the upcoming International Monetary Fund (IMF) review.
Top Performers:
- Gainers: Despite the overall market softness, certain stocks demonstrated resilience. Pakgen Power (PKGP) saw an increase of 8.95%, Cnergyico PK (CNERGY) rose by 7.85%, and Interloop Limited (ILP) gained 4.63%.
- Losers: Conversely, key players in the oil and gas sector faced declines. Oil & Gas Development Company (OGDC) decreased by 2.09%, Pakistan Petroleum Limited (PPL) fell by 2.21%, and Mari Petroleum (MARI) dropped by 1.33%.
Market Outlook: Today’s session is poised to be influenced by several pivotal factors:
- Inflation Stability: The Finance Ministry’s recent report anticipates February’s inflation rate to remain within the 2.0-3.0% range, with a slight possibility of increasing to 3.0-4.0% by March. This projection suggests a stable economic environment, potentially bolstering investor confidence. reuters.com
- Corporate Debut: Zarea Limited (ZAL) is set to commence trading on the PSX Main Board today, February 28, 2025. Listed under the Technology & Communication sector, Zarea’s shares have an opening price of PKR 16.50 per share, as determined through the book-building process. This debut is expected to attract significant attention from investors, especially those seeking Shariah-compliant investment opportunities, as Zarea has been included in the PSX-KMI All Share Islamic Index. profit.pakistantoday.com.pk
- Investor Sentiment: Market participants are likely to exercise caution ahead of the IMF’s review of Pakistan’s economic performance and discussions on the federal budget for FY26. The outcomes of these events could have substantial implications for fiscal policies and market dynamics.
In light of these developments, analysts recommend that investors maintain a balanced portfolio, stay informed on economic indicators, and monitor sector-specific news to make well-informed decisions.
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