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Two investors can be seen discussing in front of the digital stock board at the Pakistan Stock Exchange. — AFP/File
#KSE100 #closes #flat #IMF #conditions #prebudget #jitters
KARACHI: The equity market was almost closed on Monday following a volatility meeting on the new terms set by the International Monetary Fund (IMF), which also predicted the GDP forecast for the current fiscal year.
The benchmark KSE-100 index was fixed at 119.689.63, getting 40.49 points or 0.03 percent. The index traded in a range of 1,034.87 points, which reached a lower intra-day height of 120,285.54 (+636.4 points) and 119,250.67 (-398.47 points).
The total volume on the KSE -100 index stood at 119.53 million shares. Of the 100 index companies, 50 high shutdowns, 49 lowercase, and one has not changed.
News about the possible solution to circular debt in the energy sector has provided some support to the market, analysts said. However, investors are cautious, resorting to profit before the next budget, which is expected to introduce new tax measures.
Arif Habib Corporation analyst, Ahsan Maheeni, said, “The stock closed the flat in the pre -budget session, as well as the $ 3.4 billion trade deficit recorded in April 2025.
He added that concerns about new tax measures, which are Rs 700 billion and the IMF’s low growth for fiscal year 25 has predicted 2.6 %.
“During Monday’s trading session, the local course faced a stability phase,” said Naveed Nadeem, senior Equity Trader of Topline Securities, “said Naveed Nadeem, a senior Equity Trader of Topline Securities.
He said the index went inside a wide band, which earned the intra -height of 636 points and less than 398 points, before 40.49 points or 0.03 % shut down.
Nadeem said that after issuing a detailed report of the IMF, the top bias was reduced by the hope of the investors, which has provided clarification on the country’s economic direction and the policy.
Positive emotions have been further promoted through new developments in relation to the solution of the circular loan problem, which has brought interest in important energy and gas sector players like PPL, OGDC, PSO, SNGP and SSGC.
The major partners included Anjroah, PPL, and PSOs, which collectively added 246 points to the index. On the negative side, Marie, UBL, and fate shaped 224 points together.
The overall market participation declined, with the overall trade volume of 424 million shares and Rs 22.2 billion. The FFL led the volume chart, changing hands with 60.6 million shares.
With the index trading near the record level, it seems that the market is stopping for breath while keeping its fast – looks for strong catals to reach new heights.
High benefits during the session included Poml (+10 %), RMPL (+10 %), Mughal (+6.47 %), PKGP (+4.88 %), and KTML (+4.74 %). On the contrary, high losers were AGL (-3.21 %), PTC (-3.04 %), IBFL (-2.96 %), Marie (-2.8 %), and HCAR (-2.22 %).
In terms of index point contributions, leading beneficiaries were Engroh (+223.87 points), PPL (+75.15 points), PSO (+37.93 points), RMPL (+28.62 points), and PKGP (+27.72 points). The index was dragging down (-144.28 points), FFC (-63.38 points), fate (-62.01 points), UBL (-47.18 points), and SYS (-24.71 points).
According to the sector, the KSE -100 Index investment banks/investment companies/securities companies (+226.92 points), textile composite (+56.18 points), oil and gas marketing companies (+39.70 points), engineering (+36.84 points), and power output (+21.84 points) and (+21.95 points).
