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:
- United Bank Limited (UBL): Experienced a significant uptick of 5.79%, reflecting strong performance in the banking sector. Mettis Global
- Pakistan Tobacco Company Limited (PAKT): Gained 4.68%, contributing positively to the market index. Mettis Global+1PSX Data Portal+1
- Pakistan Petroleum Limited (PPL): Rose by 4.22%, indicating renewed investor interest in the oil and gas sector.
Top Losers:
- TRG Pakistan Limited (TRG): Faced a decline, closing lower than the previous session.Pakistan Stock Exchange+1PSX Data Portal+1
- Engro Corporation Limited (ENGRO): Experienced a slight dip, reflecting mixed sentiments in the conglomerate sector.
- 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.