Date: March 26, 2025
Morning Market Update:
The Pakistan Stock Exchange (PSX) commenced today’s trading session on a robust bullish trend, propelled by the announcement of a staff-level agreement between Pakistan and the International Monetary Fund (IMF). This development has significantly uplifted investor sentiment, leading to a substantial surge in the market.Business Recorder+2Aaj English TV+2Profit by Pakistan Today+2
Market Performance as of 12:26 PM:
- KSE-100 Index: The benchmark index soared by 1,352.49 points, reaching 117,985.65, marking a 1.15% increase from the previous close. psx.com.pk
- KSE All Share Index: Advanced by 834.03 points (1.14%) to 73,361.04. psx.com.pk
- KSE-30 Index: Rose by 526.49 points (1.45%) to 36,348.10. psx.com.pk
- KMI-30 Index: Increased by 2,190.10 points (1.20%) to 183,033.26. psx.com.pk
Market Activity:
- Total Volume Traded: Approximately 255.56 million shares. psx.com.pk
- Total Value Traded: Around PKR 29.68 billion. psx.com.pk
- Number of Trades: Totaled 170,198. psx.com.pk
Top Gainers:
- Oil & Gas Development Company (OGDC): Witnessed a significant uptick, reflecting renewed confidence in the energy sector.
- Pakistan Petroleum Limited (PPL): Experienced notable gains, contributing to the overall market uplift.
- Habib Bank Limited (HBL): Showed positive movement, indicating strength in the banking sector.
Top Losers:
- TRG Pakistan Limited (TRG): Faced a slight decline, possibly due to sector-specific challenges.
- Engro Corporation Limited (ENGRO): Experienced minor losses amidst the broader market rally.
- Lucky Cement Limited (LUCK): Saw a marginal dip, reflecting mixed sentiments in the construction sector.
Market Insights & Key Developments:
IMF Staff-Level Agreement:
The recent staff-level agreement between Pakistan and the IMF has been a pivotal factor in boosting market confidence. This agreement is expected to facilitate a disbursement of approximately $2.3 billion, providing much-needed support to Pakistan’s economic reforms and stabilization efforts. Mettis Global+5Dunya News+5Aaj English TV+5Profit by Pakistan Today
Sectoral Performance:
- Oil & Gas Sector: The sector led the gains, buoyed by the IMF agreement and positive developments in energy projects, including the feasibility studies for the Reko Diq project in Balochistan. Dunya News
- Banking Sector: Banks showed strong performance, reflecting investor optimism about financial stability and potential monetary policy support.
- Cement Sector: Despite the overall market surge, some cement companies faced minor setbacks, possibly due to regional policy changes affecting production costs.
Market Outlook:
Bullish Sentiment:
The PSX is expected to maintain its upward trajectory in the near term, driven by positive macroeconomic indicators and the anticipated inflow of IMF funds.
Sectors to Watch:
Investors should closely monitor the oil & gas, banking, and construction sectors, as they are likely to benefit from ongoing economic reforms and infrastructure projects.
Key Levels:
- Resistance: The KSE-100 Index may face resistance around the 118,500 level.
- Support: Strong support is anticipated near the 117,000 mark.
Stay Informed:
For real-time updates and detailed analyses, visit DailyForex.pk.
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