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A man takes a photo of the electronic board at the Pakistan Stock Exchange, in Karachi on November 28, 2023. — Reuters
#Stocks #expected #rebound #bearish #week
KARACHI: Pakistan Stock Exchange (PSX) is expected to retrieve positive pace in the coming week next week, marked due to pressure and KSE -100 index decreases after a week Has been done
“We hope the market will be positive in the coming week,” said Brookridge Arif Habib Limited.
Through some concerns about profit, selling pressure, and some concerns about the upcoming IMF reviews, the market has been negative throughout the week.
The KSE -100 Index closed at 110,323 points, with 3,933 points or 3.44 percent on Saturday (Wow). The average volume reached 434 million shares (12.8 % WOW), while the average price was fixed at the price of .0 76.0 million (22.9 % WOW).
Foreign sales this week is $ 9.88 million this week compared to net sales of 7 4.7 million last week. Large sales were observed in all other sectors (9 6.9 million), followed by cement (3 2.3 million). On the local front, purchase was reported by insurance companies ($ 9.6 million) and individuals ($ 8.0 million).
According to the sector, negative contributions oil and gas exploration companies (821 points), commercial banks (593 points), fertilizer (479 points), technology and communication (264 points), and oil and gas marketing companies (232 points) Found. The script war was negative partners (291 points), FFC (241 points), PPL (235 points), HBL (226 points) and EFRT (202 points).
Meanwhile, the sectors that contributed positively were insurance (23 points) and Reit (4 points). The script -war positive contributions have been achieved by fate (81 points), Suzio (56 points), NBP (26 points), AICL (26 points) and Kolg (19 points).
Topline securities analyst Nabeel Aaron said market reduction can be attributed to selling by local and foreign corporates.
JS Research analyst Abdul Basit said the KSE -100 faced a negative trend throughout the week. “The week began with the release of CPI data, which came at 2.4 percent Yoy in January 2025, which identified its lower levels in nine years,” he said.
The trade deficit for 7MFY25 remained at $ 13.5 billion (+3 % YOY), while in the month of January 2025, the trade balance recorded a 3 2.3 billion deficit, which is 18 % YOY, mainly due to an increase in imports –
Pakistan also signed a $ 1.2 billion contract with the Saudi Fund for Development (SFD) to ensure enough import of oil on delayed payments for one year, to handle external financing requirements. Better
Among other developments, after Punjab and Khyber Pakhtunkhwa (KP), the Sindh Assembly passed the Agriculture Income Tax Bill before the next IMF review.
Meanwhile, during 4MFY25, SBP bought $ 3.8 billion from banks, ensuring stable foreign exchange reserves and timely loans.
On the financial front, the collection of revenue was Rs 872 billion, resulting in a decrease of Rs 84 billion during January 2025, while the total decline in 7MFY25 decreased to Rs 468 billion. According to SBP data, foreign reserves increased by 46 million wow, which is stable for $ 11.4 billion.
Moreover, SBP collected Rs 452 billion in the T -Bill auction against the target of Rs 4550 billion. Petroleum sales remained stable at 1.38 million tonnes of YOY in January 2025, while 8.0 % reported mother growth.
In January 2025, the cement departure increased by 14 % YOY to 3.89 million tonnes. Meanwhile, sales of urea and DAP this month decreased by 27 % and 6.0 %, respectively.
