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

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+5 Profit 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.

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.

Hamza Shah