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A broker talks on the phone at the Pakistan Stock Exchange in Karachi on May 20, 2024. — PPI
#PSX #rebounds #earnings #season #inflation #outlook
The stock market built at the speed of the previous session on Tuesday, driven by investors’ new confidence between strong corporate income and estimates to reduce inflation pressure.
Investors aggressively invested attractive stock prices after recent reforms, giving birth to a wide -ranging rally.
A fast recovery in energy stock indicated the return of value buyers, while increasing the expectations of another interest cut by the State Bank of Pakistan (SBP), reinforcing market speed, faster feelings. He got more reinforced.
Pakistan Stock Exchange (PSX) Benchmark’s SE -100 Index climbed 1,855.44 points, or 1.67 %, reached 113,233.40 on its intrade high, which made new investors’ hopefulness Reflection.
The market recorded a low number of 111,834.20, as the interest of buying was strengthened, especially in energy stocks and sectors, which are expected to have strong financial results.
Market analysts linked the rally to strong revenue expectations, attractive stock prices and inflation approach.
Ahfaz Mustafa, CEO of Ismail Iqbal Securities, said: “The market is recovering after a few days of activity in the market. The revenue season is underway, so the activity depends on how companies are renting. The rapid recovery in the stock shows that the buyers are coming back. “
He further highlighted that February Inflation is estimated to be less than expected, which reinforces investors’ confidence in the possible rate reduction in the coming months, which will further accelerate economic activity and stock market performance. –
Brokerage firm Arif Habib Limited (AHL) predicted that the consumer Price Index (CPI) for February will be 1.99 percent at the lowest level in about a decade.
This projection is based on the first week of the sensitive price index (SPI), which also suggests a reduction of 0.37 % in a month (mother) CPI. If it is confirmed, it can strengthen the expectations of further financial relaxation by the SBP, which can further support investors’ emotions and economic recovery.
Talking to business leaders and investors on Monday, Prime Minister Shahbaz Sharif said that Pakistan had achieved economic stability in the last one year, mainly due to the International Monetary Fund (IMF) program and ongoing reforms. Because of the reason.
He said that the foundation of the macro -level of the Pakistani economy has gradually improved in the last year as inflation was 2.4 percent in the month of January and the bank’s policy rate was 12 %.
He explained that exports had improved over the previous year and foreign remittances touched a $ 3 billion level, which was a record.
Despite this positive pace, the Prime Minister acknowledged that Pakistan is still facing economic challenges, but he emphasized that the government is moving in the right direction to achieve long -term development.
With further reinforcing investors’ confidence, Pakistan’s remittances reached $ 3 billion in January 2025 to 25.2 % of YOY, which is driven by government efforts to eliminate economic recovery, stable money, and illegal money.
For the July-January-January period of the financial year 2024-25 (7MFY25), remittances were a total of $ 20.8 billion, which reflects a 31.7 % YOY increase over $ 15.8 billion in the same period last year.
Although January’s remittances were slightly less (-3.2 %) since the arrival of 1 3.1 billion arrival in December, analysts officially for banks and exchange companies to improve the influen Reforms through concessions.
In addition, global inflation in Pakistan and the rising life costs have forced Pakistani immigrants to send funds home, which helps keep the country’s external accounts stable.
The KSE -100 index increased on Monday, 1,055.03 points, or 0.96 %, which closed at 111,377.97. The index touched the height of 111,6222.72, while the lower level was recorded at 109,948.57, which indicates a tremendous interest to buy.
