Pakistan Stock Exchange (PSX) Opens Higher Amid Positive Economic Developments

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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Hamza Shah