Date: March 24, 2025
Morning Market Update:
The Pakistan Stock Exchange (PSX) commenced the week on a positive trajectory, reflecting investor optimism spurred by recent economic developments. As of 9:45 AM, the KSE-100 Index has risen by 150 points, reaching 119,555.51, marking a 0.13% increase from the previous close.
Previous Session Recap – March 21, 2025
In the last trading session, the KSE-100 Index experienced a robust gain of 795.74 points, closing at 119,405.51, which represented a 0.67% increase. This upward movement was largely attributed to positive sentiments surrounding the favorable review of Pakistan’s $7 billion International Monetary Fund (IMF) program.
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.Profit by Pakistan Today
- Total Value Traded: Around PKR 38.53 billion.
- Number of Trades: Totaled 333,556.
Top Gainers & Losers (March 21, 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%.
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 Program Review: The favorable review of Pakistan’s $7 billion IMF program has significantly boosted investor confidence, leading to increased buying activity across various sectors.
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.
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 120,000 resistance level, with support anticipated around 118,500.
Stay Informed: For real-time updates and detailed analyses, visit DailyForex.pk.
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