Pakistan Stock Exchange named best performing in Asia , Fourth-best performer in the world : RT

[BouncerGuy]

New record-high at PSX as KSE-100 zooms past 113,000 in intraday trade

Shares at the Pakistan Stock Exchange (PSX) continued their record-setting streak on Thursday as the KSE-100 index climbed more than 2,500 points in intraday trade to surpass 113,000.

The benchmark KSE-100 index climbed 2,538.72 points, or 2.29 per cent, to stand at 113,348.93 points from the previous close of 110,810.21 points at 10:49am.

Mohammed Sohail, chief executive of Topline Securities, noted in a post on LinkedIn that the stock market recorded a “stellar” 180pc return — climbing “from 40,000 to 112,000 in just 18 months”.

“This marks the best comeback in Pakistan Stock Market’s 75-year history, tripling in value and showcasing unmatched resilience,” he wrote.

Awais Ashraf, research director at AKD Securities, said a notable decline in treasury bills’ (T-bills) cut-off yields in “yesterday’s auction, ahead of the monetary policy announcement, has further strengthened investor confidence amid an improving macroeconomic outlook”.

The government on Wednesday cut the yields on T-bills by up to 100 basis points across different tenors, strengthening expectations for a significant softening of monetary policy in the upcoming review on December 16.

Furthermore, Ashraf noted that companies which offered higher dividend yields and benefited from structural reforms were contributing the most to the index’s gains.

Yousuf M. Farooq, director research at Chase Securities, said, “The market has rallied once again, driven by a drop in yields in yesterday’s T-bill auction.”

Additionally, he noted that lower yields on fixed-income instruments made stocks more attractive, which led to “increased inflows into the equity market today”.

“Mutual funds continue to pour money into stocks as returns from fixed-income and money market funds decline,” he highlighted, adding that valuations were “gradually converging towards the historical mean”.

“Additionally, a relatively sluggish property market has further enhanced the appeal of equities as an investment option,” he said.

He also recommended retail investors to avoid reacting to “short-term market fluctuations and instead focus on consistently saving and investing in equities each month with a long-term perspective”.

He added that “building a diversified portfolio of stocks that align with their knowledge” was essential to mitigating risks and maximising returns over time.

“Patience, discipline, and a commitment to regular investments are essential for achieving financial growth and stability,” he said.

Last week, the KSE-100 index witnessed a record point-wise weekly gain of 7,697 points.

DAWN NEWS

 

[Bewal Express]

New record-high at PSX as KSE-100 zooms past 113,000 in intraday trade

Shares at the Pakistan Stock Exchange (PSX) continued their record-setting streak on Thursday as the KSE-100 index climbed more than 2,500 points in intraday trade to surpass 113,000.

The benchmark KSE-100 index climbed 2,538.72 points, or 2.29 per cent, to stand at 113,348.93 points from the previous close of 110,810.21 points at 10:49am.

Mohammed Sohail, chief executive of Topline Securities, noted in a post on LinkedIn that the stock market recorded a “stellar” 180pc return — climbing “from 40,000 to 112,000 in just 18 months”.

“This marks the best comeback in Pakistan Stock Market’s 75-year history, tripling in value and showcasing unmatched resilience,” he wrote.

Awais Ashraf, research director at AKD Securities, said a notable decline in treasury bills’ (T-bills) cut-off yields in “yesterday’s auction, ahead of the monetary policy announcement, has further strengthened investor confidence amid an improving macroeconomic outlook”.

The government on Wednesday cut the yields on T-bills by up to 100 basis points across different tenors, strengthening expectations for a significant softening of monetary policy in the upcoming review on December 16.

Furthermore, Ashraf noted that companies which offered higher dividend yields and benefited from structural reforms were contributing the most to the index’s gains.

Yousuf M. Farooq, director research at Chase Securities, said, “The market has rallied once again, driven by a drop in yields in yesterday’s T-bill auction.”

Additionally, he noted that lower yields on fixed-income instruments made stocks more attractive, which led to “increased inflows into the equity market today”.

“Mutual funds continue to pour money into stocks as returns from fixed-income and money market funds decline,” he highlighted, adding that valuations were “gradually converging towards the historical mean”.

“Additionally, a relatively sluggish property market has further enhanced the appeal of equities as an investment option,” he said.

He also recommended retail investors to avoid reacting to “short-term market fluctuations and instead focus on consistently saving and investing in equities each month with a long-term perspective”.

He added that “building a diversified portfolio of stocks that align with their knowledge” was essential to mitigating risks and maximising returns over time.

“Patience, discipline, and a commitment to regular investments are essential for achieving financial growth and stability,” he said.

Last week, the KSE-100 index witnessed a record point-wise weekly gain of 7,697 points.

DAWN NEWS

This is manipulation on an unprecedented scale. Stock markers reflect the economy and the PK is in a bad way.

 

[BouncerGuy]

This is manipulation on an unprecedented scale. Stock markers reflect the economy and the PK is in a bad way.

Yep. The stock market rise has no positive effect on poor people. Totally useless

 

[Bewal Express]

Yep. The stock market rise has no positive effect on poor people. Totally useless

The stock market reflects the economy, in this case doesn't. Are the big fish buying up. shares because establishment are forcing them? The number of shares traded is lower than( i will try to find the source) before but share prices are going mad.

 

[Kianig89]

Mark it this stock market will have a historic crash

 

[BouncerGuy]

Bears return to PSX as shares plunge 1,200 points in intraday trade after unabated rally

Bears took over the trade floor at the Pakistan Stock Exchange (PSX) on Friday as shares traded sideways before plunging 1,200 points in intraday trade.

The benchmark KSE-100 index declined by 1216.86 points, or 1.07 per cent, to stand at 112,963.64 at 12:17pm from the last close of 114,180.50 points.

Awais Ashraf, director research at AKD Securities, said, “The KSE-100 index is under pressure as commercial bank share prices decline amid expectations of higher taxes, either through a change in the ADR [advance-to-deposit ratio] definition or a direct increase in corporate tax rates.

Meanwhile, he noted that the Fertiliser and Exploration & Production [E&P) sectors continued to perform, providing support to the index by contributing over 500 points.

Yousuf M. Farooq, director research at Chase Securities, said that market was “taking a breather after a huge rally”.

“Corrections are normal and retail investors should ignore short-term fluctuations and focus on the long-term,” he stressed.

A day ago, shares at the PSX continued their record-setting streak as the KSE-100 index climbed more than 3,000 points to surpass the 114,000 mark, which one analyst had noted to be its third highest gain ever.

Over the past 18 months, the benchmark index has gone from trading at the 40,000 mark to over 112,000 with returns noted at 180pc.

 

[FearlessRoar]

PSX sees biggest single-day decline, plummets over 3,700 points​

The Pakistan Stock Exchange (PSX) faced a sharp decline today, with the KSE 100 Index falling by 3.3%, bringing the index down to 111,070.29 points.

The KSE-100 Index began the day on a positive note, rising by 1,376.02 points, or 1.2%, to reach an intraday high of 116,236.7.

However, the market experienced a sharp reversal, plummeting to an intraday low of 110,896.27. The index eventually closed at 111,070.29, reflecting a historic single-day drop of 3,790.39 points, or 3.3%.

The volume of shares traded amounted to over 506 million, valued at approximately 45.7 billion Pakistani rupees.

The significant drop in the market, driven by various economic and political factors, has raised concerns among investors. The trading suspension offers a temporary reprieve as investors wait for further developments.

SBP slashes policy rate

The State Bank of Pakistan (SBP) maintained on Monday its strategy of a gradual interest rate cut, slashing the policy rate by 200 basis points to 13% on the back of a decline in headline inflation, which plummeted to 4.9% in November, as well as improved growth prospects in the economy.

The rate cut, announced by the Monetary Policy Committee (MPC), effective December 17, 2024, is the fifth consecutive rate cut in the ongoing monetary easing cycle. The latest cut brings the total reduction during the current year to a historic 900bps.

The decision is driven by a fall in headline inflation, which dropped to 4.9% year-on-year in November, as well as improved growth prospects in the economy. However, core inflation remained persistent, and the SBP had emphasised that further policy actions would depend on evolving economic data.

"The Monetary Policy Committee (MPC) decided to cut the policy rate by 200 bps to 13 percent, effective from December 17, 2024," said the MPC said in a statement. It added that the headline inflation fell in line with the MPC's expectations.

Analysts said the deceleration was mainly driven by the continued decline in food inflation as well as the phasing out of the impact of the gas tariffs hike in November. "[It's] an unprecedented monetary easing in CY24, with a cumulative 900bps rate cut over the year," Tahir Abbas, the Director Equities, AHL said.

However, the MPC noted that the core inflation – at 9.7 – was proving to be sticky, whereas inflation expectations of consumers and businesses remained volatile. It was projected to average around 8-9% in the coming months and likely to slow the pace of further policy rate cuts.

PSX drops nearly 2,000 points in intra-day trading amid market volatility | The Express Tribune

The market showed considerable volatility, reaching a high of 116,236.70 before the downward movement took hold

tribune.com.pk

 

[BouncerGuy]

PSX rebounds with 1,568-point surge, reclaims 107,000 mark

The Pakistan Stock Exchange (PSX) regained its bullish momentum on Friday, recovering from a three-day slump. The benchmark KSE-100 Index surged by 1,568 points, closing at 107,843 points, reclaiming the critical 107,000-point mark.

The day witnessed significant volatility, with the index initially dipping by 674 points before rebounding into the positive zone. Market experts attributed the recovery to renewed investor confidence and positive sentiment after recent corrections.

Earlier in the week, the PSX experienced notable turbulence, with the KSE-100 Index falling by 427 points on Thursday to close at 105,847 points. During trading that day, the market briefly rose by over 1,200 points before sliding into negative territory, marking one of the most volatile sessions in recent months.

The recovery on Friday comes as a relief for investors, with the market opening on a positive note. By midday, the index climbed 727 points to trade at 107,016 points, maintaining upward momentum throughout the session.

Analysts highlighted that the market's rebound demonstrates resilience amid challenging economic conditions, with hopes of stability in the coming sessions. Despite recent fluctuations, investors remain optimistic about the PSX's long-term potential.

SAMAA NEWS

 

[The Bald Eagle]

The Pakistan Stock Exchange (PSX) experienced a significant surge on Friday, with the index climbing by 3.05%, current index at 109,513.14.

The day's trading saw a high of 109,846.64 and a low of 105,601.03, reflecting a strong positive movement throughout the session.

The benchmark KSE-100 index closed trading session at 109,513.14, showing positive increase of 3,238.17 points.

With a total trading volume of 321,427,756 shares, the market witnessed robust activity, indicating investor confidence.

The total value of shares traded reached approximately 29.56 billion, reflecting solid market participation.

Earlier, the Pakistan Stock Exchange (PSX) faced a massive downturn on Thursday, with the KSE-100 index dropping 4,795.32 points (4.32%), marking its largest single-day loss in history.

This followed a record drop of 3,790 points on Wednesday. The sell-off was fueled by a mix of domestic factors, including the government's decision to restrict non-filers from investing in mutual funds, concerns over a potential end to the monetary easing cycle, and political uncertainty.

Sectors like chemicals, commercial banks, power generation, and refineries saw the most significant declines.

The market was also impacted by weak global crude oil prices, institutional selling, and profit-taking by investors. Leading stocks such as Mari Petroleum, Hub Power, and United Bank contributed heavily to the drop.

Despite the sharp decline, some analysts anticipate short-term rallies due to the market's correction, which may present buying opportunities.

Trading volumes increased to 1.17 billion shares, with WorldCall Telecom, K-Electric, and Cnergyico PK leading the volume. Foreign investors also sold shares worth Rs1.40 billion.

Source: The Express Tribune

 

[Bewal Express]

The Pakistan Stock Exchange (PSX) experienced a significant surge on Friday, with the index climbing by 3.05%, current index at 109,513.14.

The day's trading saw a high of 109,846.64 and a low of 105,601.03, reflecting a strong positive movement throughout the session.

The benchmark KSE-100 index closed trading session at 109,513.14, showing positive increase of 3,238.17 points.

With a total trading volume of 321,427,756 shares, the market witnessed robust activity, indicating investor confidence.

The total value of shares traded reached approximately 29.56 billion, reflecting solid market participation.

Earlier, the Pakistan Stock Exchange (PSX) faced a massive downturn on Thursday, with the KSE-100 index dropping 4,795.32 points (4.32%), marking its largest single-day loss in history.

This followed a record drop of 3,790 points on Wednesday. The sell-off was fueled by a mix of domestic factors, including the government's decision to restrict non-filers from investing in mutual funds, concerns over a potential end to the monetary easing cycle, and political uncertainty.

Sectors like chemicals, commercial banks, power generation, and refineries saw the most significant declines.

The market was also impacted by weak global crude oil prices, institutional selling, and profit-taking by investors. Leading stocks such as Mari Petroleum, Hub Power, and United Bank contributed heavily to the drop.

Despite the sharp decline, some analysts anticipate short-term rallies due to the market's correction, which may present buying opportunities.

Trading volumes increased to 1.17 billion shares, with WorldCall Telecom, K-Electric, and Cnergyico PK leading the volume. Foreign investors also sold shares worth Rs1.40 billion.

Source: The Express Tribune

There is manipulation and there is this manipulation.

 

[Kianig89]

So the bubble about to burst, pundits already forecasting surge in $ price,

@BouncerGuy @Bewal Express

 

[hassan918]

Trading resumes at PSX as KSE-100 loses 6000 points in bloodbath​

KARACHI: Trading resumed at Pakistan Stock Exchange (PSX) after a brief halt as the KSE-100 index witnessed a bloodbath on Monday, shedding more than 6,000 points during intra-day trade.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) sank to an intraday low of 112,504.44 points, plunging 6287.22 points, a negative change of 5.29 percent, as compared to 118,791.66 points on the last trading day.

Analysts called it a massacre at the PSX, marking the biggest point-wise drop in history.

They said that the KSE-100 Index experienced an unprecedented collapse, plummeting by 6287.22 points in a single trading session, marking the steepest point-wise decline in its history.

Heavy selling pressure was observed in key sectors, including cement, fertilizer, commercial banks, oil and gas exploration companies, power generation and refinery.

Index-heavy stocks, including WTL, CNERGY, SSGC, PIBTL, BOP, MLCF, and PAEL traded in the red.

The decline was fuelled by Trump’s tariffs trade war as Asian equities collapsed on a black Monday for markets after China hammered the United States with its own hefty tariffs, ramping up a trade war many fear could spark a recession.

Trading floors were overcome by a wave of selling as investors fled to the hills on the worst day for equities since the pandemic, with Hong Kong shedding 10 percent, Tokyo briefly diving eight percent and Taipei more than nine percent.

Futures for Wall Street’s markets were also taking another drubbing, while concerns about the impact on demand also saw commodities slump.

Donald Trump sparked a market meltdown last week when he unveiled sweeping tariffs against US trading partners for what he says was years of being ripped off and claimed that governments were lining up to cut deals with Washington.

But after Asian markets closed on Friday, China said it would impose retaliatory levies of 34 percent on all US goods from April 10.

No sector spared

The selling in Asia was across the board, with no sector unharmed by the savage selling — tech firms, car makers, banks, casinos and energy firms all felt the pain as investors abandoned riskier assets.

Among the biggest losers, Chinese ecommerce titans Alibaba tanked more than 14 percent and rival JD.com shed 13 percent, while Japanese tech investment giant SoftBank dived more than 10 percent and Sony gave up 9.6 percent.

Shanghai shed more than six percent and Singapore eight percent, while Seoul gave up more than five percent triggering a so-called sidecar mechanism — for the first time in eight months — that briefly halted some trading.

Source: ARY

 

[Bewal Express]

View attachment 153013

So the bubble about to burst, pundits already forecasting surge in $ price,

@BouncerGuy @Bewal Express

The dollar shouldn't surge if these crooks were even 1/2 competent as the main reason for our shortage of $ is the price of oil. As the oil price is less than 70, pretty much half of what IK faced in his last year, the Rp should get back to where IK had it. The price petrol of should be around a 100 per litre but it won't because of these incompetent thugs.

 

[Bewal Express]

Trading resumes at PSX as KSE-100 loses 6000 points in bloodbath​

KARACHI: Trading resumed at Pakistan Stock Exchange (PSX) after a brief halt as the KSE-100 index witnessed a bloodbath on Monday, shedding more than 6,000 points during intra-day trade.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) sank to an intraday low of 112,504.44 points, plunging 6287.22 points, a negative change of 5.29 percent, as compared to 118,791.66 points on the last trading day.

Analysts called it a massacre at the PSX, marking the biggest point-wise drop in history.

They said that the KSE-100 Index experienced an unprecedented collapse, plummeting by 6287.22 points in a single trading session, marking the steepest point-wise decline in its history.

Heavy selling pressure was observed in key sectors, including cement, fertilizer, commercial banks, oil and gas exploration companies, power generation and refinery.

Index-heavy stocks, including WTL, CNERGY, SSGC, PIBTL, BOP, MLCF, and PAEL traded in the red.

The decline was fuelled by Trump’s tariffs trade war as Asian equities collapsed on a black Monday for markets after China hammered the United States with its own hefty tariffs, ramping up a trade war many fear could spark a recession.

Trading floors were overcome by a wave of selling as investors fled to the hills on the worst day for equities since the pandemic, with Hong Kong shedding 10 percent, Tokyo briefly diving eight percent and Taipei more than nine percent.

Futures for Wall Street’s markets were also taking another drubbing, while concerns about the impact on demand also saw commodities slump.

Donald Trump sparked a market meltdown last week when he unveiled sweeping tariffs against US trading partners for what he says was years of being ripped off and claimed that governments were lining up to cut deals with Washington.

But after Asian markets closed on Friday, China said it would impose retaliatory levies of 34 percent on all US goods from April 10.

No sector spared

The selling in Asia was across the board, with no sector unharmed by the savage selling — tech firms, car makers, banks, casinos and energy firms all felt the pain as investors abandoned riskier assets.

Among the biggest losers, Chinese ecommerce titans Alibaba tanked more than 14 percent and rival JD.com shed 13 percent, while Japanese tech investment giant SoftBank dived more than 10 percent and Sony gave up 9.6 percent.

Shanghai shed more than six percent and Singapore eight percent, while Seoul gave up more than five percent triggering a so-called sidecar mechanism — for the first time in eight months — that briefly halted some trading.

Source: ARY

It was heavily overpriced already and that means someone has lost big time

 

[BouncerGuy]

PSX rebounds over 2,500 points after Trump eases tariffs for 3 months

The Pakistan Stock Exchange (PSX) gained over 2,500 points on Thursday, a day after the US announced pausing many of his new tariffs — barring China — for 90 days.

The rebound follows global market turmoil in response to fears that the trade war between the United States and China would escalate.

The benchmark KSE-100 index opened on a highly positive note, gaining 3,331.01 points, or 2.92 per cent, to reach 112,891.48 at 9:33am from the previous close of 114,153.15.

However, soon, the shares witnessed a sharp fall and went as low as 116,452.12 and remained below 117,000 till 11am — still trading in green.

At 11:05am, the index had gained 2,620.97 points, or 2.30pc, to reach 116,774.12 from yesterday’s close.

Mohammed Sohail, chief executive at Topline Securities, noted: “Following international markets trend, PSX opened up 3,000 points close to 2.5pc.”

Awais Ashraf, research director at AKD Securities, noted that the pausing of tariffs on countries other than China has “made investors bullish on the KSE-100 index, as the focus now shifts back to improving macroeconomic fundamentals”.

“As an import-driven economy with significant oil dependence, making up 29%pc of the total import bill, the recent fall in oil prices will bodes well for Pakistan, offering relief on both the external account and inflation fronts,” he said.

Ashraf highlighted $10 per barrel decline in oil prices was “expected to reduce the country’s import bill by $2.1bn”. “Meanwhile, the correlation of oil with Gulf Cooperation Council remittances remains weak,” he added.

Yesterday, Ashraf had pointed out that the hike in US tariffs on China has “heightened recession risks due to a slowdown in global growth, dampening investor sentiment at the PSX”.

“However, lower commodity prices — especially oil — and a potential competitive advantage from the new tariffs could positively impact our external account,” he predicted.

Trump’s sudden reversal of tariffs came less than 24 hours after steep new tariffs kicked in on imports from dozens of trading partners. The new trade barriers have hammered markets, raised the odds of recession and prompted retaliatory responses from China and the European Union.

Trump said he would raise the tariff on Chinese imports to 125pc from the 104pc level that took effect at Wednesday midnight. At the same time, he said he would lower them on other countries also subject to his new targeted duties.

DAWN NEWS

 

[BouncerGuy]

Shares at PSX rebound in intraday trade on interest rate cut

Shares at the Pakistan Stock Exchange (PSX) witnessed a rebound by as many as 900 points on Tuesday as investors gained confidence from yesterday’s “unexpected” reduction in the interest rate.

The benchmark KSE-100 index increased by 990.87 points, or 0.87 per cent, to stand at 115,093.10 from the last close of 114,102.23 at 10:03am.

The State Bank of Pakistan’s decision to slash the interest rate by 100 basis points to 11 per cent defied analysts’ expectations that ongoing tensions with India might keep the central bank cautious and lead to no change in the interest rate.

Awais Ashraf, research director at AKD Securities, said the rate cut “provided much-needed impetus to the stock market where investor confidence is deterred by India-Pakistan tensions”.

In the past few days, panicky investors have continued to reduce their holdings as Pakistan has expressed a heightened possibility of a military action by India in the wake of the latter’s allegations regarding a deadly attack in occupied Kashmir.

The April 22 attack in Pahalgam killed 26 people, mostly tourists, in one of the deadliest assaults since 2000. India, without investigation or evidence, implied “cross-border linkages” of the attackers. Pakistan has firmly rejected the claim and called for a neutral probe.

However, Ashraf noted that the “likelihood of a full-scale war between Pakistan and India remains low, constrained by the nuclear deterrence factor”.

“We believe, escalation at a wider scale would have severe consequences for both nations, particularly given their dependence on external financing and exposure to short-term external liabilities,” he added.

Topline Securities Ltd had observed yesterday that the benchmark index was volatile, falling by 1,036 points in early trading. However, it made a strong recovery in the second half, mainly supported by the cement sector, as investors expected a possible rate cut in the monetary policy later in the day.

Also on Monday, international rating agency Moody’s warned that sustained India-Pakistan tensions could negatively affect Pakistan’s growth.

It also said that escalating tensions could cause a setback to nascent macroeconomic stability and also disrupt Pakistan’s access to foreign funding flows.

On the other hand, Moody’s noted that macroeconomic conditions in India would remain stable. However, it did stress that higher defence spending could impact India’s “fiscal strength and slow its fiscal consolidation”.

DAWN NEWS

 

[Ball Blazer]

PSX bleeds as fears of Indian military action come true

The Pakistan Stock Exchange (PSX) on Wednesday witnessed yet another bloodbath this year — tumbling by as many as 6,500 points in intraday trade — as investors’ fears of a military action by India against Pakistan came true last night.

The Pakistani military brought down five Indian jets in retaliation for late-night strikes launched by its neighbouring country at six sites in Punjab and Azad Jammu and Kashmir.

The benchmark KSE-100 index decreased by 6,560.82 points, or 5.78 per cent, to stand at 107,007.68 from the last close of 113,568.50 when the market opened at 9:30am.

Due to the massive dip, the market was immediately suspended briefly.

This marked the second-largest intra-day plunge (points-wise), ranking next to the nearly 8,700-point loss that followed the United States’ tariff announcement last month.

However, the market started recovering slightly, reaching 112,457.37 points at around 10:34am, before declining to 110,110.44 points at 3:09pm — over 3,400 points below yesterday’s close.

“The market opened under pressure today following Indian strikes on unarmed civilians in Pakistan,” said Yousuf M. Farooq, research director at Chase Securities.

“Some selling has been observed, though volumes remain low as investors assess the evolving situation,” Farooq said, adding that recovery was expected once tensions begin to de-escalate.

Shahbaz Ashraf, chief investment officer at Frim Ventures, also attributed the sell-off to “heightened geopolitical tensions following reports of Indian strikes on multiple Pakistani locations”.

“The flare-up has rattled investor sentiment, with fears of further escalation weighing on the market,” he said. However, Shahbaz added, analysts remained “cautiously optimistic, hoping the conflict will remain short-lived with likely mediation from global powers”.

“Importantly, with macroeconomic indicators showing signs of recovery, market watchers believe this correction could be temporary. Many view the pullback as a potential buying opportunity, especially for long-term investors looking to accumulate quality stocks at lower valuations,” he noted, explaining the gains witnessed later.

Samiullah Tariq, head of research at Pak Kuwait Investment Company Ltd, said the impact of today’s selling pressure would be short-term and the market would “recover once this ends”.

Awais Ashraf, research director at AKD Securities, also observed that the PSX was “feeling the impact” of last night’s developments.

Echoing Shahbaz’s opinion, Awais said the plunge “may present a buying opportunity, as we do not expect the situation to escalate further”.

In the past few days, panicky investors have continued to reduce their holdings as Pakistan had expressed a heightened possibility of a military action by India in the wake of the latter’s allegations regarding a deadly attack in occupied Kashmir.

The April 22 attack in Pahalgam killed 26 people, mostly tourists, in one of the deadliest assaults since 2000. India, without investigation or evidence, implied “cross-border linkages” of the attackers. Pakistan has firmly rejected the claim and called for a neutral probe.

International rating agency Moody’s has warned that sustained India-Pakistan tensions could negatively affect Pakistan’s growth.

It also said that escalating tensions could cause a setback to nascent macroeconomic stability and also disrupt Pakistan’s access to foreign funding flows.

On the other hand, Moody’s noted that macroeconomic conditions in India would remain stable. However, it did stress that higher defence spending could impact India’s “fiscal strength and slow its fiscal consolidation”.

Source: Dawn

 

[BouncerGuy]

Bulls dominate as PSX climbs 1,000 points upon boost in investor sentiment

Bulls maintained a hold of the trading floor at the Pakistan Stock Exchange (PSX) on Tuesday as shares gained over 1,000 points, continuing their upward momentum following de-escalation between India and Pakistan.

The KSE-100 index opened with a gain of 2,769 points to stand at 120,067.12 points from the previous close of 117,297.73 at 9:30am. By 3pm, the index stood at 118,605.98 points, up 1.12 per cent.

A day earlier, the PSX gained a record 9pc, with the market mirroring the restored calm in the region after the Pakistan-India ceasefire. The development, announced by US President Donald Trump on Saturday, followed four days of ***-for-tat strikes between the nuclear-armed neighbours, as well as diplomacy and pressure from Washington.

Commenting on today’s surge, Awais Ashraf, director of research at AKD Securities said: “Investor sentiment, initially lifted by the ceasefire, has been further boosted by Trump’s announcement to promote trade with both India and Pakistan.”

“Energy stocks are gaining on expectations of a Rs1.5 trillion injection linked to the resolution of the circular debt. However, the market has yet to price in the potential impact of the International Monetary Fund tranche release and a policy rate cut to below 12pc,” he commented.

Yousuf M Farooq, research director at Chase Securities, also said that the market was factoring in improved macroeconomic indicators, lower interest rates and the potential reduction in super tax which would like boost corporate earning across the board.

“With economic stability returning, the market’s price-to-earnings (PE) ratio is expected to gradually rerate to reflect these positive developments,” he added.

Samiullah Tariq, head of research and development at Pak Kuwait Investment Company Ltd, also concurred that the market performed well in continuation of Monday.

“Ceasefire, lower interest rate, IMF board approval, better corporate result expectations and a favourable budget expectation are driving market sentiment,” he said.

DAWN NEWS

 

[BouncerGuy]

PSX sees historic rebound after ceasefire, IMF tranche approval

The Pakistan Stock Exchange (PSX) recorded a historic rally during the week ending May 17, 2025, as the KSE-100 Index gained 12,474 points to settle at 119,649, reflecting an 11.64 per cent increase week-on-week.

This marked one of the biggest weekly advances in the index’s history, driven primarily by a US-brokered ceasefire agreement between Pakistan and India on May 10.

The easing of geopolitical tensions following a week of heightened volatility had an immediate stabilising effect on investor sentiment. The rally was further supported by the International Monetary Fund’s (IMF) approval of the first review of Pakistan’s loan programme and the disbursement of a $1 billion tranche.

Additionally, the IMF’s approval of a further $1.4bn under the Resilience and Sustainability Facility reinforced optimism in the market, leading to a record single-day gain of 10,123 points at the start of the trading week.

Macroeconomic indicators for April 2025 also painted a relatively stable picture. Workers’ remittances for the month stood at $3.2bn, contributing to a current account surplus of $12 million. This pushed the cumulative surplus for the first 10 months of the current fiscal year to $1.88bn, a stark improvement from the $1.33bn deficit recorded during the same period in the previous year.

Foreign direct investment also showed significant improvement, with inflows of $141m in April compared to just $26m in March.

At the same time, the State Bank of Pakistan’s foreign exchange reserves increased by $71m week-on-week, reaching $10.4bn as of April 9. The rupee remained stable throughout the week, closing at 281.66 against the US dollar.

Broad-based gains

Market activity improved markedly, with average daily traded volume increasing by 34.8pc to 685m shares from 508m in the previous week, according to AKD Research.

Topline Securities reported that the average daily traded value stood at Rs38.6bn, underscoring stronger investor participation.

Gains were broad-based, with most sectors closing the week in positive territory. The vanaspati and allied industries sector led the rally with a weekly gain of 34.2pc, followed by transport at 29.4pc, refineries at 27.5pc, the woollen sector at 20.7pc, and investment banks, investment companies, and securities companies at 19.8pc.

In contrast, some segments of the market underperformed, with textile spinning and jute declining by 9.5pc and 4.8pc respectively over the week.

Among individual stocks, the top performers included Agritech Limited, which rose by 33.7pc, FrieslandCampina Engro Pakistan Limited with a 32.5pc gain, and Pakistan Telecommunication Company Limited, which climbed 29.5pc.

Attock Refinery Limited and Searle Company Limited also posted robust gains of 27.1pc and 26.6pc, respectively.

On the other hand, the week’s laggards included Pakgen Power Limited, down 2.6pc, Ibrahim Fibres Limited, which fell 2.5pc, Nestlé Pakistan Limited, which declined by 0.4pc, and Pak-Gulf Leasing Company Limited, marginally lower by 0.2pc.

Institutional flows reflected strong interest from mutual funds, which absorbed most of the week’s selling with a net purchase of $39.2m. Meanwhile, banks and development financial institutions were net sellers, offloading $20.6m in equities.

Trading activity was also fuelled by declining yields in the government securities market. In the Treasury Bills auction held during the week, the government raised Rs664bn out of a total participation of Rs1.99 trillion. Yields dropped by 66 to 90 basis points across tenors, reflecting expectations of a lower interest rate environment ahead.

Additional news developments contributed to the overall positive environment. The government’s proposal of up to a 10pc tax cut for salaried individuals was well received by the market.

Meanwhile, Pakistan and Russia are exploring a collaboration to establish a new steel mill, and the prime minister has constituted a special committee to push forward reforms in the petroleum sector.

Fuel prices were slightly impacted by a Rs1.87 per litre increase in the inland freight equalisation margin on petrol and diesel. Reports also surfaced about the possibility of future talks between Pakistan and India in Saudi Arabia, raising hopes for sustained diplomatic engagement.

Outlook

Looking ahead, the market outlook remains optimistic. The ceasefire agreement and the IMF’s financial support are expected to act as strong catalysts in the coming weeks.

Analysts forecast that the KSE-100 Index could reach 165,215 points by December 2025, supported by robust corporate earnings, particularly in the fertiliser sector, consistent return on equity in banking stocks, and improved cash flows in the exploration and production and oil marketing sectors. Falling interest rates and greater macroeconomic stability are also expected to provide tailwinds.

According to AKD Research, top picks going forward include the Oil and Gas Development Company, Pakistan Petroleum, Pakistan State Oil, Fauji Fertiliser, Engro Holdings Limited, Meezan Bank, MCB Bank, Habib Bank, Lucky Cement, Fauji Cement, Indus Motor Company and Systems Limited.

Barring any geopolitical surprises or domestic instability, the positive momentum in Pakistan’s equity market is likely to continue in the near term.

DAWN NEWS

 

[Bhaijaan]

Shebby Sharif the GOAT

 

[The Bald Eagle]

A record-breaking run at the Pakistan Stock Exchange (PSX) continued on Wednesday, with the KSE-100 index closing above 121,000 points for the first time in history

The index ended the day at 121,798.86, gaining 1,347.99 points or 1.12%.

The market reached a high of 121,882.47 and a low of 120,896.13. Trading volume totaled 292,413,286 shares, with a transaction value of 24,368,739,916.

This follows the historic milestone of the PSX closing above 120,000 points for the first time just the day before.

The market reached a high of 121,882.47 and a low of 120,896.13. Trading volume totaled 292,413,286 shares, with a transaction value of 24,368,739,916.

"Stocks closed all time high led by scrips across the board after $800m ADB approval of financing package, Govt set FY26 growth target at 4.2pc and Govt approval for Rs 880bn PSDP in the federal budget FY26 announcements next week.
-Budgetary relief expected for oil refineries, real estate, agri sector and rupee gains played catalyst role in bullish close at PSX," Ahsan Mehanti of Arif Habib Corp told Express Tribune.

This follows the historic milestone of the PSX closing above 120,000 points for the first time just the day before.

The positive momentum at the PSX follows the recent approval of an $800 million financial package by the Asian Development Bank (ADB) for Pakistan under the Resource Mobilization Reform Program (Subprogram-II).

The package, apporved by ADB as a snub to India, consists of a $300 million policy-based loan (PBL) and a $500 million program-based guarantee (PBG), which has helped to bolster investor sentiment.

Previously, ADB had postponed the approval of a $800m financing package for Pakistan for five days on the request of India that sought time to evaluate the loan documents, exposing flaws in the lender's rule book that allows such extensions.

Despite a sharp decline in the market earlier in the week, which saw the KSE-100 index drop by 813 points (0.68%) on Monday due to concerns over proposed tax hikes and inflation, the record highs reflect renewed investor confidence as the country's budget approaches.

Source: The Express Tribune

 

[Kianig89]

25 crore population, stock market investors 3.5 lac person, not sure it reflects the true economic situation, more of a money making club for selected indvls

 

[The Bald Eagle]

PSX reaches new all-time high ahead of 2025-26 Federal Budget​

Pakistan Stock Exchange (PSX) hit a record high on Tuesday as investor confidence soared ahead of the federal budget announcement, as the KSE-100 index surged by 782.56 points, current index at 122,423.56, gaining 0.64% during intra-day trading.

Resuming activity after the Eidul Azha holidays, the trading session began with a positive momentum, building on the market's strong performance. The investor confidence, reflected in the Pakistan Stock Exchange's record performance, follows Moday's presentation of Pakistan's Economic Survey 2024-25.

The market briefly touched a high of 122,611.53 points before settling at 122,423.56 points during intraday trading.

Trading volumes remained robust with 144,033,353 shares exchanged, and the total value of shares traded reached Rs 7.78 billion. The previous day's close was recorded at 121,641.00 points.

At the end of the previous week, PSX continued its positive momentum, with the benchmark KSE-100 index reaching an all-time high of 121,798 points on June 4, before settling at 121,641, marking a weekly gain of 1,950 points (+1.63%).

The rally was driven by positive developments, including successful budget talks with the IMF, the Asian Development Bank's approval of a $800 million financing package, and the finalisation of a Rs1.275 trillion circular debt resolution deal with banks.

Macroeconomic indicators also supported sentiment, with a 10% rise in petroleum sales YoY, CPI-based inflation easing to 3.5%, and a 23% MoM reduction in the trade deficit.

However, the State Bank's reserves fell slightly by $7 million to $11.5 billion.

Sector-wise, commercial banks, power generation, fertiliser, and food products led the gains.

Foreign sales amounted to $14.7 million, an increase compared to the previous week.

Source: The Express Tribune

 

[The Bald Eagle]

Pakistan Stock Exchange (PSX) closed lower by 826 points, or 0.62%, on Wednesday as investors booked profits following a choppy session

The market saw an intra-day high of 133,566 points before sliding to a low of 132,326 and settling at 132,577.

Weakness in heavyweight stocks brought the index down by 397 points, although trading activity remained robust with 906 million shares changing hands.

In its market review, Topline Securities remarked that the KSE-100 index closed the session at 132,577, shedding 826 points, or 0.62%. The market saw a phase of consolidation, fluctuating between an intra-day high of 133,566 and a low of 132,326, as investors opted for profit-taking.

Read More: PSX ends flat despite hitting peak at 134k

The decline was mainly driven by negative contributions from Fauji Fertiliser Company, Engro Holdings, Bank AL Habib, Pakistan State Oil, and HBL, which together pulled the index down by 397 points, it said.

TPL Properties led the volumes chart, with trading in 66 million shares, Topline added.

Overall trading volumes decreased to 905.7 million shares compared with Tuesday’s tally of 1.2 billion. The value of shares traded was Rs30.5 billion. Shares of 478 companies were traded. Of these, 200 stocks closed higher, 254 dropped, and 24 remained unchanged.

Source: The Express Tribune

 

[The Bald Eagle]

PSX rises past 136,000 to new all-time high​

Continuing its remarkable rally, the Pakistan Stock Exchange (PSX) touched another all-time high on Monday as it surged past 136,000 points over encouraging economic developments and robust interest from mutual funds and institutional investors.

The benchmark KSE-100 index added another 2,202.77 points, or 1.64%, to settle at 136,502.54 at the close of trading.

Since the commencement of the session, the market began its gradual ascent and didn’t look back, reaching the intra-day high at 136,841 just before the end of the day’s proceedings.

According to Topline Securities, the KSE-100 index surged to intra-day high of 2,542 points before closing at a new all-time peak of 136,503, registering a remarkable gain of 2,203 points, or 1.64%.
“The rally was fuelled by strong participation from local mutual funds and institutional investors,” it said in a report.

Banking sector heavyweights led the momentum, with UBL, HBL, Fauji Fertiliser Company, Bank AL Habib and MCB Bank collectively contributing 1,443 points to the benchmark index.

Overall market activity remained vibrant where trading volumes surpassed 841 million shares, while the total traded value climbed to Rs37 billion. Crescent Star Insurance emerged as the volume leader, which saw trading in 47 million shares, Topline added.

Arif Habib Limited (AHL), in its report, called Monday’s trading a very strong start to the week with the KSE-100 gaining 1.64% day-on-day to clear the 136k level.

Some 62 shares rose while 36 fell on the index, where UBL (+5.45%), HBL (+9.43%) and Fauji Fertiliser Company (+1.67%) contributed the most to index gains. In contrast, Pakistan Petroleum (-0.69%), PSO (-0.91%) and National Foods (-2.47%) were the biggest index drags, it said.

Among major economic news, it cited that the International Monetary Fund (IMF) had expressed satisfaction with Pakistan’s economic progress as its Resident Representative Mahir Binici described the country’s performance under the Extended Fund Facility (EFF) as “strong so far”.

Earlier, Pakistan and Vietnam agreed to launch negotiations for a preferential trade agreement (PTA) in 2025, following the revival of high-level economic dialogue between the two countries.

Among corporate developments, Honda Atlas Cars (+2.45%) is set to introduce its first-ever hybrid SUV in Pakistan, the HR-V e:HEV. This launch marks Honda’s official entry into the hybrid C-segment SUV, where the HR-V e:HEV will compete directly with established players.

Concluding its report, AHL expected further gains in the stock market with near-term support rising to 135k.

Source: The Express Tribune