Close Menu
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
What's Hot

Wall Street ends higher with both NASDAQ and S&P 500 marking fresh record highs

July 4, 2025

‘13’ or ‘27’ lovers? Philippines’ Duterte kisses goodbye to his womanising days

July 4, 2025

Hussain Dawood lauds Pak-China partnership at WEF summit – Business & Finance

July 4, 2025
Facebook X (Twitter) Instagram
Friday, July 4
Facebook X (Twitter) Instagram
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
World Economist – Global Markets, Finance & Economic Insights
Home » Economic optimism tosses index over 115,000 – Business
Economist Impact

Economic optimism tosses index over 115,000 – Business

adminBy adminMarch 16, 2025No Comments4 Mins Read
Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
Share
Facebook Twitter Pinterest Email Copy Link
Post Views: 50


KARACHI: Despite a pause in interest rate cuts and a weakening rupee due to declining foreign exchange reserves, the Pakistan Stock Exchange (PSX) remained in the green zone for the fifth consecutive week, propelling above 115,000 level after almost two months.

According to AKD Securities Ltd, the week started on a negative note as the State Bank of Pakistan’s Monetary Policy Committee delivered a surprise status quo in the benchmark interest rate at 12pc coupled with the IMF raising concerns over the government’s plan for resolving Rs1.25 trillion circular debt through commercial bank borrowing, kept investors cautious.

This positive performance was supported by improved investor sentiment following some ‘relaxations’ provided during the first review by the visiting IMF mission.

The market traded within a narrow band of 2,100 points during the week, remaining lacklustre as trading activity was subdued due to Ramazan.

During the last two sessions, the market turned positive owing to some developments in the discussions with the IMF team, which improved sentiment. As a result, the KSE-100 index closed at 115,536 points, reflecting a gain of 1,137 points or 0.99pc week-on-week.

The IMF has agreed to cut the tax collection target by Rs620bn to Rs12.35tr while assuring readjustments in expenditure by authorities to maintain a primary surplus of Rs2.4tr. Notably, the FBR tax collection during 8MFY25 missed the target by R600bn.

Moreover, the IMF revised Pakistan’s GDP growth forecast to 2.0-2.25pc from 3.6pc earlier while lowering its inflation projection to 7.0pc from 12.5pc.

Meanwhile, Moody’s up­­graded Pakistan’s banking sector outlook to positive from stable, along with an upward revision in GDP growth projection.

Other major developments during the week included China rolling over a $2bn loan to Pakistan for one more year, the government hiking tariff for captive power plants by 23pc on IMF prodding, and the ECC approving amendments to net-metering regulations, cutting buyback rate to Rs10 per unit.

According to Arif Habib Ltd (AHL), the status quo in the monetary policy against the expectations of a 50bps cut hurt the market.

However, the momentum shifted to the green zone mid-week on the anticipation of potential development related to the settlement of energy circular debt.

Moreover, the remittances by overseas Pakistanis increased by 39pc year-on-year to $3.1bn (highest after June 2024) during February. Furthermore, the government raised Rs15.8bn against the target of Rs350bn, with the cut-off yield for five-year bonds remaining unchanged while 10-year declined by 1bps.

The SBP foreign exchange reserves fell by $152 million week-on-week, settling at $11.1bn as of March 7.

Sector-wise positive contributions came from Exploration and production (234 points), OMCs (194 points), banks (179 points), cement (118 points), and fertiliser (110 points).

Meanwhile, the sectors that contributed negatively were engineering (46 points), glass and ceramics (45 points), leather and tanneries (37 points), and automobile assembler (36 points). Scrip-wise positive contributors were Mari Energies (303 points), PSO (174 points), HBL (65 points), Engro Fertiliser (53 points), and DG Khan Cement (51 points). Whereas, scrip-wise negative contribution came from Millat Tractors Ltd (52 points), Service Industries (37 points), Pakistan Petroleum Ltd (34 points), Habib MetroBank (28 points), and International Steel Ltd (28 points).

Foreigner selling continued clocking in at $2.61m compared to a net sell of $5.3m last week. Major selling was witnessed in commercial banks ($2.8m), followed by E&P ($1.2m).

The average volume rose 16pc to 337m shares while the value traded jumped 21.1pc to $79m week-on-week.

According to AKD Securities, the market will likely stay bullish with the potential announcement of a Staff-Level Agreement with the IMF. The KSE-100 index is likely to sustain its upward trajectory, with a target of 165,215 points by December, primarily driven by strong earnings in fertilisers, sustained ROEs in banks, and improving cash flows of E&P and OM.

Published in Dawn, March 16th, 2025



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
admin
  • Website

Related Posts

Economist Impact

PSX hits all-time high as proposed ‘neutral-to-positive’ budget well-received by investors – Business

June 11, 2025
Economist Impact

Sindh govt to allocate funds for EV taxis, scooters in provincial budget: minister – Pakistan

June 11, 2025
Economist Impact

US, China reach deal to ease export curbs, keep tariff truce alive – World

June 11, 2025
Economist Impact

Budget lacks steps to cure economic ills, complain industry leaders – Business

June 11, 2025
Economist Impact

Rs200bn relief unveiled in major tariff overhaul – Business

June 11, 2025
Economist Impact

Budget 2025-26: FM Aurangzeb acknowledges pain, calls budget ‘foundation’ for Pakistan’s future – Business

June 11, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

STDC playing key role in affordable power supply: Minister – Business & Finance

July 4, 2025

Hussain Dawood lauds Pak-China partnership at WEF summit – Business & Finance

July 4, 2025

SECP proposes amendments in Voluntary Pension System Rules, 2005 – Business & Finance

July 3, 2025

Microsoft ‘ends’ operations in Pakistan after 25 years – Technology

July 3, 2025
Latest Posts

PSX hits all-time high as proposed ‘neutral-to-positive’ budget well-received by investors – Business

June 11, 2025

Sindh govt to allocate funds for EV taxis, scooters in provincial budget: minister – Pakistan

June 11, 2025

US, China reach deal to ease export curbs, keep tariff truce alive – World

June 11, 2025

Subscribe to News

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Recent Posts

  • Wall Street ends higher with both NASDAQ and S&P 500 marking fresh record highs
  • ‘13’ or ‘27’ lovers? Philippines’ Duterte kisses goodbye to his womanising days
  • Hussain Dawood lauds Pak-China partnership at WEF summit – Business & Finance
  • STDC playing key role in affordable power supply: Minister – Business & Finance
  • China’s EV price war dashes profit hopes of 90% of brands, AlixPartners says

Recent Comments

No comments to show.

Welcome to World-Economist.com, your trusted source for in-depth analysis, expert insights, and the latest news on global finance and economics. Our mission is to provide readers with accurate, data-driven reports that shape the understanding of economic trends worldwide.

Latest Posts

Wall Street ends higher with both NASDAQ and S&P 500 marking fresh record highs

July 4, 2025

‘13’ or ‘27’ lovers? Philippines’ Duterte kisses goodbye to his womanising days

July 4, 2025

Hussain Dawood lauds Pak-China partnership at WEF summit – Business & Finance

July 4, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Archives

  • July 2025
  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • June 2024
  • October 2022
  • March 2022
  • July 2021
  • February 2021
  • January 2021
  • November 2019
  • April 2011
  • January 2011
  • December 2007
  • July 2007

Categories

  • AI & Tech
  • Asia
  • Banking
  • Business
  • Business
  • China
  • Climate
  • Computing
  • Economist Impact
  • Economist Intelligence
  • Economy
  • Editor's Choice
  • Europe
  • Europe
  • Featured
  • Featured Business
  • Featured Climate
  • Featured Health
  • Featured Science & Tech
  • Featured Travel
  • Finance & Economics
  • Health
  • Highlights
  • Markets
  • Middle East
  • Middle East & Africa
  • Middle East News
  • Most Viewed News
  • News Highlights
  • Other News
  • Politics
  • Russia
  • Science
  • Science & Tech
  • Social
  • Space Science
  • Sports
  • Sports Roundup
  • Tech
  • This week
  • Top Featured
  • Travel
  • Trending Posts
  • Ukraine Conflict
  • Uncategorized
  • US Politics
  • USA
  • World
  • World & Politics
  • World Economy
  • World News
© 2025 world-economist. Designed by world-economist.
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.