KSE-100 surges 1,425 points to all-time high on positive economic indicators
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A trader can be seen at the Pakistan Stock Exchange (PSX) building in Karachi. —PPI/Files
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KARACHI: On Thursday, the Pakistan Stock Exchange (PSX) increased by 1,425 points, which closed at a high time between positive economic indicators, including a reduction in the official bond cut of production and recovery of the IMF train.
The benchmark KSE-100 index increased by 1,425.39 points, or 1.2 percent to 119,961.91 points, which increased by 118,536.53 points in the final session. The highest index of the day was 119,990.3 points, while the lowest level was recorded at 118,871.13 points.
“The stocks stopped at the height of the official bond cut off production by 90bps and the recovery of a $ 1 billion IMF receipt under the EFF,” said Arif Habib Limited’s analyst Ahsan Mahani.
He said that after the IMF estimates to receive high taxes for Rs 20 trillion, pre -budget sessions have ensured the stability of the rupee and the sustainable loan service and a 3.6 percent increase for the fiscal year 26.
The KSE -30 index increased by 479.29 points or 1.32 percent to 36,293.72 points to 36,773.01 points.
Trade shares increased by 89 million shares to 698.965 million shares from 609.063 million shares. The commercial value was reduced to Rs 41.913 billion to Rs 39.089 billion. Market Capital increased against Rs 14.385 trillion against Rs 14.211 trillion. Of the 458 companies operating in the session, 312 closed in green, 107 red and 39 changed.
Topline Securities analyst Mazar Malla said the bills took charge of the local course as the market increased new heights, which led to the fueled budget announcements.
The green day ended in the green stock sector. “The government is working to finalize a binding legal framework between OMC and refineries, which has important provisions like tech or pay, which aims to resolve the ongoing dispute over product development and HSD imports, with the move to provide maximum explanation and stability in China,” he said.
UBL, Heavyweights such as UBL, Engro, HUBC, EFERT, and MeBL led the charge, collectively participated in the 656 points index.
PIA Holding Company Limited B recorded the highest increase, which increased to Rs 1,029.56 per share to Rs 11,325.15, followed by Rafan corn product company Limited, which increased to Rs 209,27 to Rs 9,201.27. A significant reduction was mentioned in Hochast Pakistan Limited, which was reduced by Rs 104.90 to Rs 3,155.10 per share. Bata Pakistan Limited followed it, which closed at Rs 1,550 per share to less than Rs 46.18.
JS Global analyst Mohammad Hassan Athar said the bills dominated PSX because investors prefer to take positions in the oil and gas sector primarily on the expectations of a circular loan resolution. “In addition, the purchase was also seen in fertilizer, refinery and automobile stock,” he said.
“Going forward, updates to the federal budget will create market feelings,” he said. “We would advise investors to make a high level of profit. However, any dip can be considered primarily an opportunity to buy in oil and gas and refinery stocks.”
Pak refinery was a volume leader with 50.818 million shares, which closed more than Rs 2.68. With 47.57 million shares, the Kanjoco PK followed it, closing more than 48 bucks and closing Rs 7.85 per share.
The other important business includes K Electric Limited, Kohnor Spinning, Attur Limited, Sui South Gas, Waves Corporation Limited, Pak Petroleum XD, Bo Punjab and World Call Telecom. In the futures market, 318 companies recorded trade, of which 253 increased, 61 decreased and 4 did not change.
