Stocks likely to witness positivity amid hopes for inflation decline
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A broker talks on phone as he looks at an index board showing the latest share prices at the PSX in Karachi on February 10, 2023. — AFP
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KARACHI: During the outgoing week, stock fluctuations came out. However, in the last two sessions, the market got a positive pace. In the midst of expected inflation, the market is expected to keep this positive pace next week.
“We expect the market to maintain its positive pace through expectations of a further reduction in inflation,” said Brokege Arif Habib Limited, “we flock to inflation on January 25 less than 3.0 percent. I have been offered. In addition, many financial results will be announced next week, which is expected to remain in light.
The market was negatively negative during the week, the index dropped to 111,487 points, which is driven by factors such as Roll Overwake, the company’s results less than the SBP’s careful rate and less than anxiety Yes. However, the market was recovered at the weekend and closed at 114,256 points.
The KSE-100 Index closed at 114,256 points, which reflects a loss of 625 points after a week, or 0.54 percent. The average volume reached 498 million shares (28.8 % WOW), while the average price was traded at the price of .5 98.5 million (20.6 % WOW).
Foreign sales were observed this week compared to a net purchase of $ 5.6 million last week. Large sales were observed in FMCG (9 3.9 million), followed by fertilizer (7 0.7 million). On the local front, purchase was reported by companies (.2 6.2 million) and individuals (2 4.2 million).
Sector War Negative Partnership Fertilizer (477 points), OMCS (208 points), pharmaceuticals (85 points), engineering (62 points) and E & PS (60 points). The script war was negative partner FFC (458 points), OGDC (124 points), PSO (110 points), BAFL (89 points) and Hub C (70 points).
The sectors that were positively supported were commercial bank (612 points), cement (82 points), automobile assemblies (75 points), miscellaneous (28 points), and automobile parts and accessories (9 points). The script -war positive contributions were achieved by UBL (339 points), Behl (248 points), fate (204 points), NBP (125 points) and SYS (70 points).
The market also closed a month on a negative note, where the KSE-100 index has declined by 0.76 %, said Topline Securities. “This reduction can be attributed to profit by local and foreign entities during the outgoing month.”
During the month, the amount and price of daily trade was Rs 679 million and Rs 33 billion, respectively.
JS Research analyst Abdul Basit said that KSE -100 experienced mixed trends during the week. The Saturday began with the announcement of a reduction of 100 BPS policy in the policy rate of the Monetary Policy Committee, which increased the overall reduction to 1,000 BPS during the trend since June -2024.
Pakistan has also improved its external financing position, as the SBP governor has highlighted, which has paid $ 6.4 billion during the financial year 25, of which 3.6 billion by June -2025 The rest of the dollar is.
In other news, a high -level US business delegation visited Pakistan to strengthen trade and bilateral relations, the first visit after the Trump administration’s rule. In addition, it is likely that the IMF mission arrived in late February or early March for the first review of the $ 7 billion expansion fund facility (EFF).
During the week, OGRA notified the increase of 500/mmbTU in gas price for detained plants in February 2025, rather than one of the IMF requirements.
According to SBP statistics, credit to the private sector has reported a significant growth of 815 % Yi by January 17, 2025, which has reached Rs 1.4 trillion by January 17, 2025. In addition, SBP reserves fell 76 million during the week, which is roaming for $ 11.37 billion. The PKR dropped slightly by 0.08 %, ending Saturday against US $ 278.97.
