Pakistan Stock Exchange (PSX) Surges Over 1,300 Points Amid Renewed Investor Confidence Following IMF Agreement

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

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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

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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

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Top Gainers:

1. Oil & Gas Development Company (OGDC): Witnessed a significant uptick, reflecting renewed confidence in the energy sector.​
2. Pakistan Petroleum Limited (PPL): Experienced notable gains, contributing to the overall market uplift.​
3. Habib Bank Limited (HBL): Showed positive movement, indicating strength in the banking sector.​

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Top Losers:

1. TRG Pakistan Limited (TRG): Faced a slight decline, possibly due to sector-specific challenges.​
2. Engro Corporation Limited (ENGRO): Experienced minor losses amidst the broader market rally.​
3. Lucky Cement Limited (LUCK): Saw a marginal dip, reflecting mixed sentiments in the construction sector.​

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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.​

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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.​

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Stay Informed:

For real-time updates and detailed analyses, visit DailyForex.pk.​

This comprehensive morning market summary is designed to provide valuable insights into the PSX’s performance, enhancing your website’s content quality and reader engagement.