📅 Date: March 25, 2025
📍 Morning Market Update
The Pakistan Stock Exchange (PSX) opened today on a slightly positive note, attempting to recover from Monday’s steep losses. As of 12:09 PM, the benchmark KSE-100 Index had gained 202.98 points, reaching 116,642.60, reflecting a 0.17% increase. While investors welcomed buying opportunities after yesterday’s correction, the market continues to remain cautious due to uncertainties surrounding the IMF program negotiations and fluctuating global oil prices.
🔁 Previous Session Recap – March 24, 2025
The KSE-100 Index tumbled by 2,002.56 points or 1.69%, closing at 116,439.62. This was one of the sharpest single-day declines in recent weeks and came amid concerns over policy disagreements with the IMF regarding taxation and energy sector reforms.
🔸 Key Factors Behind the Fall:
- Profit-taking by both institutional and retail investors.
- Concerns over IMF’s rejection of tax relief on property and power subsidies.
- Weak performance from oil & gas and cement sectors, due to global and domestic pressures.
- Decrease in investor risk appetite after several bullish sessions.
🔢 Key Index Performance (as of 12:09 PM):
- KSE-100 Index: 116,642.60 (+202.98 points | +0.17%)
- KSE All Share Index: 72,519.25 (+152.45 points | +0.21%)
- KSE-30 Index: 35,800.33 (+97.29 points | +0.27%)
- KMI-30 Index: 180,537.56 (+883.33 points | +0.49%)
📊 Market Activity So Far:
- Total Volume Traded: 167.23 million shares
- Total Value Traded: PKR 13.09 billion
- Number of Trades: 133,576
🏆 Top Gainers:
- Atlas Honda Ltd (ATLH): PKR 933.51 ▲ +8.44
- Sazgar Engineering (SAZEW): PKR 1,081.80 ▲ +5.91
- Ghandhara Ind. (GHNI): PKR 727.50 ▲ +4.92
📉 Top Losers:
- Ghandhara Nissan Ltd (GHNL): PKR 460.62 ▼ -5.13
- Hinopak Motor (HINOON): PKR 369.00 ▼ -3.50
- Honda Atlas Cars (HCAR): PKR 290.50 ▼ -2.46
🌐 Market Insights & Economic Context:
🔹 IMF Talks Under Spotlight:
Recent reports suggest the IMF has flagged issues with Pakistan’s adjustments in property-related taxes and electricity subsidies. The uncertainty has kept market sentiment in check, particularly in sectors that are directly influenced by fiscal changes, like real estate, energy, and cement.
🔹 Global Oil Prices Impact:
The decline in international crude oil prices is pressuring local oil and gas stocks such as OGDC, PPL, and MARI, which are heavily weighted in the index.
🔹 Sector Highlights:
- Automobile Assemblers are showing resilience with notable gains in Atlas Honda and Sazgar Engineering.
- Cement stocks continue to be under pressure due to higher royalty concerns in KPK.
- Banks are showing a mixed trend as investors reassess exposure following SBP’s interest rate hold.
🔮 Outlook for the Rest of the Day:
While the market has opened in the green, it is likely to remain volatile during the rest of the session. Investors may look for direction from:
- Government responses to IMF’s objections,
- Any new updates on international oil markets, and
- Anticipated corporate earnings that could influence investor confidence.
🔧 Key Technical Levels:
- Immediate Support: 116,000
- Resistance Level: 117,300 – 117,800
📢 Stay updated with real-time PSX news, market commentary, and economic insights at DailyForex.pk – your go-to source for financial updates in Pakistan.