Bulls took over the commercial floor in the Pakistan Stock Exchange (PSX) when the shares uploaded more than 1,000 points on Monday after a week of persistent institutional sale.
The KSE-100 reference index increased 1055.03 points, or 0.96 percent, to stand at 111,377.96 points from the previous closure of 110,322.93.
Mohammed Sohail, executive director of Topline Securities, while talking with Dawn.com He attributed the bullish impulse to “better corporate results than expected helping the market.”
He added that the “first IPO of 2025” also pointed out positive feelings of the market.
According to a review of the Topline Securities market, “the increase was largely driven by strong actions by Mari, Engroh, Hubc, PPL and Atr, which collectively contributed 448 points to the index.”
The market activity remained strong, he said, adding that 409 million shares and a total turnover of RS23.8 billion were negotiated.
“HIT [Bank of Punjab] He led the volume lists, with 55.9 million shares changing hands, ”he said.
According to a press release, Zarea Limited “is scheduled to become public”, raising RS1Bn through its initial public offer (IPO).
Last week, the stock market remained under pressure for the third consecutive week in the persistent institutional sale promoted by renewed concerns about significant deficit in tax revenues against collection projection and excessive delay in debt reinvestments.
These problems are particularly worrying ahead of the review of the International Monetary Fund (IMF) at the end of this month, leaving anxious investors without positive developments.
However, the Government expects a successful IMF review, which would lead to the release of a second section under the installation of extended funds of $ 7 billion of $ 7 billion, which is crucial to comply with the payment obligations of payment of payment of The country’s external debt.
In the economic front, the main inflation for January fell to a minimum of 101 months of 2.4 percent year -on -year. The commercial deficit was extended per 18pc to $ 2.3 billion in January. Oil sales remained stable at 1.38 million tons in January, with an 8 -piece growth from month to month. Cement offices increased by 14 percent to 3.89 million tons in the first month of 2025. Meanwhile, Urea and DAP sales decreased by 27PC and 6pc year after year, respectively.
SBP reserves increased by $ 46 million to $ 11.4 billion from week to week.
