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A stock broker reacts while monitoring the market on the electronic board displaying share prices during trading session at the Pakistan Stock Exchange, in Karachi, Pakistan July 3, 2023.— Reuters
#Stocks #watch #budgetary #proposals #closely
KARACHI: Pakistan stock witnessed a record increase during the weekly week while reducing geographical political tensions. The market is expected to closely look at the budget proposals next week.
“Market participants are expected to closely monitor the next budget proposals before the announcement of the federal budget, under which some scripts may fall under light,” said Brokege Arif Habib Limited.
The KSE -100 index took a sharp turn and hit the sky in the green zone on Monday, hitting the upper cap of the circuit breaker. The index gained a historic dood of 10,123 points (+9.45 %), the highest in both absolute and percentage terms.
Following the rally, after the announcement of a ceasefire between India and Pakistan, which was broken by the United States, which also expressed intentions to enhance trade relations with the two countries. In addition, Pakistan also received approval of $ 1 billion under the IMF’s EFF and $ 1.4 billion under RSF.
Overall, KSE-100 was a well-based market-based market, which posted the most vowel benefits in five years, and closed 119,649 points (+11.6 % Wow) on Saturday. The average volume reached 685 million shares (more than 34.8 % Wah), while the average price increased by 444.2 million (47.1 % WOW).
Foreign sales were observed this week, which was $ 9.13 million last week compared to a net purchase of $ 1.52 million. Large sales were observed in E&PS (98 5.98 million), followed by all other sectors (87 2.87 million). On the local front, purchase was reported by mutual funds (.0 36.03 million) and insurance companies (9 6.59 million).
Sector War Positive Partnerships achieved banks (2,711 points), E and PS (1,937 points), fertilizer (1,338 points), cement (1,249 points), and Tech (666 points). The script war was positive partnership car UBL (922 points), FFC (876 points), PPL (750 points), OGDC (581 points) and fate (519 points).
Negatively cooperative sectors were lease (0.03 points) and Wulin (0.9 points). The script war negative contributions have been achieved by PKGP (15 points), IBFL (4 points), Nestlé (2 points) and PGLC (0.03 points).
Topline Securities analyst Nabil Aaron said the KSE -100 index acquired 11.64 percent on a ceasefire between India and Pakistan with mediation from the United States, and after the IMF approved the first review of the EFF program, $ 1 billion was reached to Pakistan.
JS Research Analysts Abdul -Asset said the increase was primarily driven by reducing the geographical political tension between Pakistan and India, promoting investors’ confidence.
Approval of the first IMF review, its green light to facilitate flexibility and stability, and then $ 1.02 billion trains promoted market feelings.
In addition, the Current Account Balance for April recorded a distance of 12 million, which is less than the same period last year due to high imports. Overall, the CA remained at an additional $ 1.88 billion during the 10MFY25.
In other news, Pakistan has launched a virtual technical level debate with the IMF on the next fiscal year 26 budget, which has formal policy -level talks to start next week.
The government has also approved a phased privatization plan of 24 SOs, including the PIA. According to PBS data, the LSM Index recorded a 1.8 % increase in YOY in March 2025, which identified the return of positive growth after four consecutive months after the continuous decline in Yui.
In a recent T -Bill auction, SBP collected Rs 664 billion against the target of Rs 550 billion, which saw a significant decrease of 66 to 90bps in various maturity. SBP reserves increased $ 71 million to $ 10.4 billion.
