Pakistan Stock Exchange (PSX) Opens Higher Amid Continued Bullish Momentum

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. ​

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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.​

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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.​

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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.​

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Top Gainers & Losers (March 20, 2025):

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%.​Nation

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%.​

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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.​

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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.​

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