Date: March 24, 2025
Market Summary: The Pakistan Stock Exchange (PSX) experienced a downturn today as investors engaged in profit-taking activities, influenced by global market uncertainties. The benchmark KSE-100 Index declined by 2,002.55 points, closing at 116,439.62, marking a 1.69% decrease from the previous session. Hamariweb.com+2PSX Data Portal+2Pakistan Stock Exchange+2
Key Indices Performance:
- KSE All Share Index: Decreased by 1,099.42 points (1.52%) to 72,366.80.PSX Data Portal
- KSE-30 Index: Fell by 672.47 points (1.88%) to 35,703.04.PSX Data Portal+2Hamariweb.com+2Pakistan Stock Exchange+2
- KMI-30 Index: Dropped by 4,634.13 points (2.58%) to 179,654.23.PSX Data Portal+1Hamariweb.com+1
Market Activity:
- Total Volume Traded: Approximately 311.97 million shares.Hamariweb.com+2PSX Data Portal+2Pakistan Stock Exchange+2
- Total Value Traded: Around PKR 20.95 billion.PSX Data Portal
- Number of Trades: Totaled 230,089.PSX Data Portal+2Pakistan Stock Exchange+2Hamariweb.com+2
Top Gainers:
- Pakistan International Airlines Corporation (PIA): Increased by 1.12%.PSX Data Portal+1PSX Data Portal+1
- The Bank of Punjab (BOP): Rose by 0.49%.
- Dewan Motors (DWM): Gained 0.65%.Pakistan Stock Exchange
Top Losers:
- Oil & Gas Development Company (OGDC): Declined by 4.03%.Pakistan Stock Exchange
- Pakistan Petroleum Limited (PPL): Fell by 3.59%.
- Mari Petroleum Company Limited (MARI): Decreased by 2.15%.
Market Insights & Key Developments:
- Profit-Taking: After a series of gains in the previous sessions, investors opted to realize profits, leading to a broad-based sell-off across various sectors.
- Global Market Pressures: Uncertainties in international markets, including fluctuating commodity prices and geopolitical tensions, contributed to cautious investor sentiment.
- Oil & Gas Sector: The sector faced significant declines due to a drop in global crude oil prices, impacting major companies like OGDC and PPL.
Outlook for the Coming Days:
- Market Sentiment: While today’s decline reflects short-term profit-taking, the overall economic indicators remain stable. Investors are advised to monitor global developments and corporate earnings reports for future market direction.
- Sectors to Watch: The banking and automobile sectors showed resilience today and may continue to attract investor interest.
- Key Levels: The KSE-100 Index has immediate support at 116,000 points, with resistance expected around 118,000 points.
Stay Informed: For real-time updates and detailed analyses, visit DailyForex.pk.