Pakistan Stock Exchange (PSX) Closes Higher Amid Positive Sentiment Following IMF Staff-Level Agreement

Date: March 26, 2025

Market Summary:

The Pakistan Stock Exchange (PSX) concluded today’s trading session on a positive note, buoyed by investor optimism following the announcement of a staff-level agreement between Pakistan and the International Monetary Fund (IMF). The benchmark KSE-100 Index closed at 117,772.31 points, marking a gain of 1,139.15 points or 0.98% from the previous close. ​Dawn+3Business Recorder+3Mettis Global+3

---

Key Indices Performance:

• KSE All Share Index: Increased by 761.71 points (1.04%) to 73,288.72. ​PSX Data Portal+1Pakistan Stock Exchange+1
• KSE-30 Index: Rose by 474.70 points (1.31%) to 36,296.31. ​Pakistan Stock Exchange
• KMI-30 Index: Advanced by 2,315.34 points (1.26%) to 183,158.50. ​PSX Data Portal+1Pakistan Stock Exchange+1

---

Market Activity:

• Total Volume Traded: Approximately 356.73 million shares. ​Pakistan Stock Exchange
• Total Value Traded: Around PKR 37.50 billion. ​
• Number of Trades: Totaled 232,477. ​Pakistan Stock Exchange

---

Top Gainers:

1. United Bank Limited (UBL): Experienced a significant uptick of 5.79%, reflecting strong performance in the banking sector. ​Mettis Global
2. Pakistan Tobacco Company Limited (PAKT): Gained 4.68%, contributing positively to the market index. ​Mettis Global+1PSX Data Portal+1
3. Pakistan Petroleum Limited (PPL): Rose by 4.22%, indicating renewed investor interest in the oil and gas sector. ​

---

Top Losers:

1. TRG Pakistan Limited (TRG): Faced a decline, closing lower than the previous session.​Pakistan Stock Exchange+1PSX Data Portal+1
2. Engro Corporation Limited (ENGRO): Experienced a slight dip, reflecting mixed sentiments in the conglomerate sector.​
3. Lucky Cement Limited (LUCK): Saw a marginal decrease, indicating some profit-taking in the cement sector.​

---

Market Insights & Key Developments:

IMF Staff-Level Agreement:

The recent staff-level agreement between Pakistan and the IMF has been a pivotal factor in boosting market confidence. This agreement is expected to facilitate a disbursement of approximately $1.3 billion, providing much-needed support to Pakistan’s economic reforms and stabilization efforts. ​Business Recorder

Sectoral Performance:

• Banking Sector: Led by United Bank Limited (UBL), the sector showed robust performance, reflecting investor optimism about financial stability and potential monetary policy support. ​
• Oil & Gas Sector: Companies like Pakistan Petroleum Limited (PPL) and Oil & Gas Development Company (OGDC) experienced notable gains, buoyed by positive developments in energy projects and the IMF agreement. ​
• Cement Sector: Despite the overall market surge, some cement companies faced minor setbacks, possibly due to regional policy changes affecting production costs.​

---

Market Outlook:

Bullish Sentiment:

The PSX is expected to maintain its upward trajectory in the near term, driven by positive macroeconomic indicators and the anticipated inflow of IMF funds.​

Sectors to Watch:

Investors should closely monitor the banking, oil & gas, and cement sectors, as they are likely to benefit from ongoing economic reforms and infrastructure projects.​

Key Levels:

• Resistance: The KSE-100 Index may face resistance around the 118,500 level.​
• Support: Strong support is anticipated near the 117,000 mark.​

---

Stay Informed:

For real-time updates and detailed analyses, visit DailyForex.pk.​