Date: March 21, 2025
Morning Market Update:
The Pakistan Stock Exchange (PSX) opened on a positive note today, extending its bullish trend from the previous sessions. As of 9:55 AM, the KSE-100 Index rose by 146.81 points, marking a 0.12% increase, and stood at 118,916.58 points.
Previous Session Recap – March 20, 2025
The PSX continued its upward trajectory on Thursday, with the KSE-100 Index gaining 795.74 points to close at 118,769.77, reflecting a 0.67% increase. Nation
Sector Performance:
- Oil & Gas: The sector led the gains, bolstered by stable global crude oil prices. Key players like Oil & Gas Development Company (OGDC) and Pakistan Petroleum Limited (PPL) saw significant upticks.
- Banking: The banking sector experienced robust activity, with institutions such as United Bank Limited (UBL) and Habib Bank Limited (HBL) attracting substantial investor interest.
- Cement: Cement companies also performed well, driven by expectations of increased infrastructure development.
Foreign & Institutional Participation:
- Foreign Investors: There was a noticeable uptick in foreign investment, particularly in the oil & gas and banking sectors, indicating renewed confidence in Pakistan’s economic stability.
- Local Institutions: Domestic institutional investors continued their buying spree, focusing on blue-chip stocks with strong fundamentals.
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.Nation+1Profit by Pakistan Today+1
- Total Value Traded: Around PKR 38.53 billion.
- Number of Trades: Totaled 333,556.
Top Gainers & Losers (March 20, 2025):
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%.Nation
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 Negotiations: The recent announcement of “significant progress” in the International Monetary Fund (IMF) review has positively influenced market sentiment, leading to increased buying activity, particularly in the energy and banking sectors.
Oil & Gas Sector: Stable global crude oil prices have bolstered investor confidence in 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.
Market Outlook for Today:
Bullish Sentiment: The market is expected to maintain its positive momentum, driven by ongoing optimism regarding economic reforms and foreign investments.
Sectors to Watch: Investors should keep an eye on the oil & gas, banking, and cement sectors, as they continue to show strong performance.
Key Levels: The KSE-100 Index may test the 119,500 resistance level, with support anticipated around 117,500.
Stay Informed: For real-time updates and detailed analyses, visit DailyForex.pk.