smartcybers786@gmail.com 
A stockbroker monitors the share prices during a trading session at the Pakistan Stock Exchange (PSX) in Karachi on May 16, 2022. — AFP
#KSE100 #closes #flat #ahead #long #Eid #holidays
KARACHI: Pakistan Stock Exchange (PSX) closed the flat on Thursday before the long Eid holidays. The range-bound session with thin skin in the benchmark KSE-100 index increased by 34 points, where investors chose a cautious approach.
The Pakistan Stock Exchange (PSX) Benchmark’s SE 100 Index increased by 34.43 points, or 0.03 percent, which increased to 117,806.75 points, which increased by 117,772.31 points in the last session. The highest index of the day was 118,147.25 points, while the lowest level was recorded at 117,551.42 points.
JS Global analyst Mohammad Hassan Athar said that the last trading day was seen with a thin amount of range before the long Eid holidays, as investors prefer to stay on the occasion. He advised that “moving forward, we advise investors to adopt ‘buy on dips’, focus on oil and gas, cement and technology sectors.”
The IMF closed the stock after reaching the staff level agreement to unlock $ 1.3 billion under the Flexible and Stability Facility (RSF) and the current $ 7 billion expansion fund facility (EFF) bailout program. In addition, the government reduced the inflation prediction in March 2025 to 1.0 percent.
He said that global crude oil prices and a latest feasibility study that confirms Billion in Reko DIQ reserves, which is a part for OGDC and PPL, which served as a key catalyst for the fast in PSX.
The KSE 30 Index increased 50.36 points 0.14 percent to 36,346.67 points against 36,296.31 points.
Trade shares fell 27 million shares to 356.729 million shares compared to 329.99 million shares. The commercial value was reduced to Rs 19.775 billion to Rs 37.498 billion. Market Capital increased to Rs 14.374 trillion to Rs 14.364 trillion. Of the 447 companies operating in the session, 169 closed in green, 216 red and 62 changed.
Topline securities analyst Nabil Aaron said the last trading session was seen as a decrease activity before the long holiday meeting.
The main positive contribution to the index met with UBL, Hub C, MCB, MEBL and fate, as they contributed 55 points in the index. Flip side, Sis, FFC, PPL, Mari and NBP lost weight loss by 29 points on the index
According to the traded price, PSO (RSS11.18 million), Mari (Rs 3.04 million), HUBC (Rs 3.02 million), PPL (Rs 2.07 million) and MLCF (Rs 1.49 million) dominate commercial activity.
The highest increase in Philip Morris (Pakistan) Limited was recorded, which increased from Rs 73.78 to Rs 8111.55 per share, followed by Hockey Pakistan Limited, which increased to Rs 48.63 to Rs 3,242.50. Neelam Fibers Limited noted a significant reduction, which was reduced by Rs 20.39 to Rs 1,101 per share. Premium Textile Mills Limited followed it, which was reduced from Rs 18.88 to Rs 420.51 per share.
Arif Habib Corporation analyst Ahsan Mahanti said the stock market has changed drastically due to two important factors. First, production on government treasury bonds increased by 12.38 %. Second, Pakistan’s economic growth for the quarter of October to December 2024 was reported by the National Accounts Committee (NAC) by 1.7 percent, which is significantly lower than the government’s 3.6 percent target for the fiscal year of 2024-25.
He said that the IMF’s approval of the IMF’s reduction and institutional support on the IMF deal at the end of the quarter played a role in the Catalist near the quarter in PSX.
Sarnarjico was the volume leader with 45.500 million shares, which closed for Rs 26 per share by 26 money. Arif Habib Corporation, which has 20.574 million shares, followed it, which closed at Rs 11.58 per share by 61 money.
Other important stocks of business include World Call Telecom, Fauji Cement, Bo Punjab XD, Pak Electron, Maple Leaf, Electric Limited, Pak Int Bulk and TRG Pak Limited, 318 companies recording trade recording, 212 increased and 4 remaining.
