Date: February 28, 2025 | Daily Forex Pakistan
Market Summary: The Pakistan Stock Exchange (PSX) concluded today’s session with a decline, as the benchmark KSE-100 Index closed at 113,251.66 points, down 532.64 points or 0.47%. This downturn is attributed to investor concerns over impending corporate and provincial tax reforms ahead of the International Monetary Fund (IMF) review.
Key Indices Performance:
- KSE All Share Index: 70,262.65 points, a decrease of 288.62 points (0.41%)
- KSE-30 Index: 35,193.93 points, down 193.22 points (0.55%)
- KMI-30 Index: 169,716.79 points, a decline of 1,333.83 points (0.78%)
Market Activity:
- Total Volume Traded: 472,078,779 shares
- Total Value Traded: PKR 22.78 billion
- Number of Trades: 256,916
Top Gainers:
- Pakgen Power (PKGP): Increased by 8.95%
- Cnergyico PK (CNERGY): Rose by 7.85%
- Interloop Limited (ILP): Gained 4.63%
Top Losers:
- Oil & Gas Development Company (OGDC): Decreased by 2.09%
- Pakistan Petroleum Limited (PPL): Fell by 2.21%
- Mari Petroleum (MARI): Dropped by 1.33%
Market Insights: Today’s decline is primarily due to investor apprehension regarding upcoming corporate and provincial tax reforms, which are anticipated to be discussed in the forthcoming IMF review. The market experienced fluctuations throughout the session, with the KSE-100 index reaching an intra-day high of 114,265.97 points and a low of 113,201.84 points.
Outlook for Tomorrow: Analysts suggest that the market may continue to exhibit cautious behavior in the upcoming session. Factors such as the IMF’s review of Pakistan’s economic performance and potential tax reforms are expected to influence investor sentiment. Investors are advised to stay informed about these developments and consider diversifying their portfolios to mitigate potential risks.
Stay updated with the latest market news and insights at DailyForex.pk.
