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Pakistan Stock Exchange (PSX) Closes Week on a Positive Note Amid IMF Program Optimism
Date: March 21, 2025
Market Summary: The Pakistan Stock Exchange (PSX) concluded the week with notable gains, driven by investor optimism surrounding the favorable review of Pakistan’s $7 billion International Monetary Fund (IMF) program. The benchmark KSE-100 Index advanced by 795.74 points, closing at 119,405.51, reflecting a 0.67% increase. Arab News PK
Key Indices Performance:
- KSE All Share Index: Increased by 600.67 points (0.82%) to 73,626.28.
- KSE-30 Index: Rose by 36.41 points (0.10%) to 36,532.04.
- KMI-30 Index: Advanced by 2,420.54 points (1.31%) to 184,857.52.
Market Activity:
- Total Volume Traded: Approximately 667.88 million shares.
- Total Value Traded: Around PKR 38.53 billion.
- Number of Trades: Totaled 333,556.
Top Gainers:
- Oil & Gas Development Company (OGDC): Increased by 3.25%.
- Pakistan Petroleum Limited (PPL): Rose by 2.30%.
- Mari Petroleum Company Limited (MARI): Gained 2.15%.
Top Losers:
- The Bank of Punjab (BOP): Declined by 0.49%.
- Pakistan International Airlines Corporation (PIA): Decreased by 1.12%.
- Dewan Motors (DWM): Fell by 0.65%.
Market Insights & Key Developments:
- IMF Program Review: The announcement of a favorable review of Pakistan’s $7 billion IMF program has significantly boosted investor confidence, leading to increased buying activity across various sectors. Arab News PK
- Oil & Gas Sector: Stable global crude oil prices have positively impacted local oil and gas companies, contributing to the sector’s strong performance.
- Banking Sector: Anticipation of favorable monetary policies has attracted investors to banking stocks, resulting in notable gains within the sector.
Outlook for the Coming Week:
- Market Sentiment: With the positive IMF review and stable economic indicators, the bullish trend is expected to continue into the next week.
- Sectors to Watch: Investors are advised to monitor the oil & gas, banking, and cement sectors, as they are likely to benefit from the current economic climate.
- Key Levels: The KSE-100 Index may test the 120,000 resistance level, with support anticipated around 118,000.
Stay Informed: For real-time updates and detailed analyses, visit DailyForex.pk.