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A trader observing the chart on electronic board at PSX. —Facebook@P.STOCKEXCHANGE/File
#KSE100 #gains #points #IMF #review #shows #progress
KARACHI: Pakistan Stock Exchange (PSX) starts at a pace of Saturday. Benchmark KSE-100 Index closed high between the progress towards staff-level agreement between Pakistan and the International Monetary Fund (IMF) for the High Fund Facility Program by 663 points.
The KSE -100 index increased by 663.42 points, or 0.57W percent, which reached 116,199.59 points, which increased by 115,536.17 points in the last session. The highest index of the day was 116.626.83 points, while the lowest level was recorded at 115,883.22 points.
Arif Habib Corporation analyst, Ahsan Mahani, said the stocks provide a high $ 1 billion crisis response facility (CRF) program’s possible approval of speculation about speculation about speculation (EFF), with a key result of more than $ 1 billion.
He said that the IMF’s fiscal year 25 tax collection target target of Rs 12.37 trillion, rising global crude oil prices, and a rapid trend in global equities served as a key catalist for a strong close in PSX.
The KSE -30 index increased by 0.7 % to 35,658.12 points to 35,906.36 points.
Trade shares increased 147 million shares to 507.512 million shares, compared to 360.456 million shares. The commercial value increased from Rs 21.039 billion to Rs 34.105 billion. Market Capital increased to Rs 14.210 trillion against Rs 14.125 trillion. Of the 448 companies operating in the session, 179 were closed in green, 211 red and 58 changed.
“This performance was affected by the government’s steps to deal with Pakistan’s power circular debt, although the 1.25 trillion contract is still awaiting final approval,” said Topline Securities analyst Nedem said, “Despite the absence of staff,” despite the absence of staff. “
The benefits of the market were primarily driven by Marie, PSO, Luck, OGDC, and serials, which collectively increased the index by 658 points. On the contrary, FFC, Firet and HubC applied the pressure down, which reduced the index to 200 points.
PIA Holding Company Limited B recorded the highest increase, which increased to Rs 85.69 to Rs 942.61 per share, followed by Mari Energy Limited, which increased to Rs 444.32. Unilever Pakistan Foods Limited noted a significant reduction, which was reduced by Rs 152.99 to Rs 23,260.01 per share. Coalgate Palmolavio (Pakistan) Ltd. followed it, which was reduced from Rs 35.39 to Rs 1,441.87 per share.
JS Global analyst Mohammad Hassan Ayathar said that PSX resumed its speed on the back of positive updates related to the IMF review. “Given ahead, the market is expected to keep its pace with a circular loan resolution and the favorable results of the IMF review,” he said. “Investors are advised to focus on oil and gas, automobiles and tech stocks, ‘Buy on Dips’ strategies.”
Pak Electron was a volume leader with 48.322 million shares, which closed at Rs 450 per share of more than Rs 1.92. Bow Punjab XD, with 46.581 million shares, followed it, which closed at Rs 11.67 per share by 38 money.
The other important business includes Pak Int Bulk, World Call Telecom, Military Cement, Military Foods Limited, Silk Bank Limited, PIA Holding Company, Pak Refinery and Serial Company. In the Future Market, 321 companies recorded the trade, of which 176 increased, 140 was reduced and five remained.
