Pakistan Stock Exchange (PSX) Closes Week on a Positive Note Amid IMF Program Optimism

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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:

1. Oil & Gas Development Company (OGDC): Increased by 3.25%.​
2. Pakistan Petroleum Limited (PPL): Rose by 2.30%.​
3. Mari Petroleum Company Limited (MARI): Gained 2.15%.​

Top Losers:

1. The Bank of Punjab (BOP): Declined by 0.49%.​
2. Pakistan International Airlines Corporation (PIA): Decreased by 1.12%.​
3. 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.