Latest news with #PSX
Business Recorder
17 hours ago
- Business
- Business Recorder
KSE-100 beats US, India & Germany to emerge among top global performers in FY25
Pakistan Stock Exchange (PSX) emerged as one of the top-performing stock markets in the world during FY25, with the benchmark KSE-100 Index delivering a robust 55.5% return in USD terms, securing the third spot globally, revealed Arif Habib Limited (AHL) in its latest report. Only Ghana's GGSECI Index, offering a 140.7% return and Slovenia's SBITOP Index (56.7%) performed better than KSE-100 during the outgoing fiscal year, data released by the brokerage house showed. In comparison to other global markets, Pakistan outperformed major developed and emerging economies. The US Nasdaq Index returned 14%, Germany's DAX 46.9%, India's Sensex 3.2%, and Japan's Nikkei 12.8%. Most regional markets trailed far behind, with countries like Turkey and Bangladesh posting negative returns of -28.1% and -13.6% respectively. During the outgoing fiscal, the KSE-100 Index delivered a stellar performance, surging by 58.6% in PKR terms and an impressive 55.5% in USD terms to close at 124,379, up from 78,445 at the end of FY24. 'This remarkable rally was driven by aggressive monetary easing, improved market liquidity, and the unlocking of fundamental value across key sectors,' said AHL. Regional portfolio investment As per the report, widespread net selling by foreigners was observed across all listed regions in FY25. Taiwan recorded the highest outflow at $28,783 million, followed by South Korea at $23,577 million, and India at $11,263 million. Outflows were also seen in Malaysia at $3,546 million, Vietnam at $3,101 million, and Thailand at $3,207 million. Relatively smaller net sells were recorded in Indonesia at $1,634 million, Philippines at $477 million. Meanwhile, Pakistan saw an outflow of $300 million. 'Possible reasons for this uniform net selling trend include geopolitical tensions, reciprocal tariffs announced by the US, high global interest rate initially prompting capital withdrawal, strong US dollar pressure, and a shift toward developed markets,' read the report.
Express Tribune
a day ago
- Business
- Express Tribune
PSX climbs to historic high at 124k
Shares of 333 companies were traded. At the end of the day, 135 stocks closed higher. PHOTO: FILE Listen to article Pakistan Stock Exchange (PSX) closed at another all-time high on Friday, with the benchmark KSE-100 index surging over 2,300 points, or 1.91%, and closing just shy of 124,400, marking a weekly gain of 3.6%. The rally was fueled by aggressive institutional buying ahead of FY26 portfolio allocations, strong foreign inflows and improved investor sentiment. Key gainers included Fauji Fertiliser Company (FFC), Lucky Cement and Meezan Bank, while Pakistan Services, National Foods and International Steels weighed on the index. Fresh hydrocarbon discoveries by Pakistan Oilfields and MOL in Khyber-Pakhtunkhwa lifted energy sector confidence. On the diplomatic front, Prime Minister Shehbaz Sharif and US Secretary of State Marco Rubio reaffirmed their commitment to deepening trade ties. Meanwhile, Pakistan secured $3.1 billion in commercial loans and over $500 million in multilateral funding, expected to be reflected in reserves late Friday. Trading volumes remained robust at 773.4 million shares while traded value stood at Rs37.6 billion. The market is expected to find support around 122,000 with potential upside towards 127,000 in the coming week. "Stocks closed at an all-time high after the National Assembly passed Finance Bill 2025 amid political consensus. Investors eye State Bank's policy easing amid falling government bond yields in the recent auction," said Arif Habib Corp Managing Director Ahsan Mehanti. Surging global equities on a stable Iran-Israel ceasefire and rising global crude oil prices drove the PSX to a record close, he added. At the end of trading, the benchmark KSE-100 index posted a surge of 2,332.60 points, or 1.91%, and settled at 124,379.07. Arif Habib Limited (AHL) wrote in its daily review that on Friday, the index rose by 1.91%, led by strong performances from FFC (+2.23%), Lucky Cement (+4.28%) and Meezan Bank (+2.98%). On the flip side, Pakistan Services (-8.3%), National Foods (-1.76%) and International Steels (-0.8%) were the key drags on the index. In a positive development, Prime Minister Shehbaz Sharif and US Secretary of State Marco Rubio agreed to deepen bilateral ties, especially through enhanced trade. Meanwhile, the government of Pakistan secured $3.1 billion in commercial loans and over $500 million in multilateral funding, which would be reflected in the reserves update. In the energy sector, Pakistan Oilfields (+6.06%) and MOL announced new hydrocarbon discoveries in K-P's Makori Deep-03 well, expected to yield 22 mmcfd of gas and 2,112 barrels of oil per day, AHL mentioned. For the coming week, technical support is expected at around 122,000, with resistance seen near 127,000. It was a strong week for Pakistan's equity market, with the KSE-100 index gaining 3.6% week-on-week to close above the 124,000 mark, it added. Topline Securities, in its review, wrote that bulls dominated trading on aggressive buying by local institutions as the KSE-100 index increased 1.9% to close at its highest-ever level of 124,379. "This buying by local institutions can be attributed to fresh liquidity due to new fiscal year allocations towards equity funds," it said. Top positive contribution to the index came from FFC, Lucky Cement, Meezan Bank, Pakistan Oilfields, Engro Holdings, Engro Fertilisers and OGDC as they cumulatively contributed 1,044 points. Traded value-wise, Lucky Cement (Rs2.27 billion), OGDC (Rs2.11 billion), PSO (Rs1.97 billion), Pakistan Petroleum (Rs1.94 billion), Maple Leaf Cement (Rs1.09 billion), Hubco (Rs1.03 billion) and UBL (Rs1.02 billion) dominated the trading activity, Topline added. Mubashir Anis Naviwala of JS Global said bulls took charge on the trading floor, with the KSE-100 index climbing 2,332 points. Strong price action was seen across the board, reflecting renewed investor confidence. Broad-based buying interest lifted major sectors, boosting the overall market sentiment, he said. The rally was supported by robust demand for cement, banking and fertiliser stocks. The near-term outlook remains positive, with dips offering attractive entry opportunities, the analyst said. Overall, shares of 484 companies were traded. Of these, 334 stocks closed higher, 116 fell and 34 remained unchanged. Bank Makramah was the volume leader with trading in 79.7 million shares, gaining Rs0.56 to close at Rs5.07. It was followed by Ghani Global Holdings with 27.7 million shares, gaining Rs1.60 to close at Rs17.99 and Pervez Ahmed Consultancy with 24.9 million shares, losing Rs0.02 to close at Rs3.27. Foreign investors sold shares worth Rs1.2 billion, the National Clearing Company reported.
Business Recorder
a day ago
- Business
- Business Recorder
PACRA's shares trading to commence from Monday
LAHORE: The gong ceremony for marking the listing of Pakistan Credit Rating Agency (PACRA) will be held on the Growth Enterprise Market (GEM) Board of PSX, here at Pakistan Stock Exchange Regional Office on Monday (June 30). According to PSX sources, trading in PACRA's shares will commence on June 30 and will follow the T+2 settlement cycle, with the first settlement scheduled for Wednesday, July 2, 2025. The market lot for trading has been set at one share of Rs1 each, as per the notice issued by PSX. It may be added that the PACRA's shares have already been declared eligible securities by the Central Depository Company of Pakistan Limited (CDC), and all transactions will be cleared through the National Clearing Company of Pakistan Limited (NCCPL). The NCCPL has assigned the company code 'GEMPACRA' for trading purposes. Moreover, the opening price of the shares has been fixed at PKR 15.05 per share, as determined through the Book Building process. CDC Share Registrar Services Limited has been appointed as the share registrar for the company. The PACRA will be listed under the 'Miscellaneous' sector in the Daily Quotation of the Exchange. Copyright Business Recorder, 2025
Business Recorder
a day ago
- Business
- Business Recorder
KSE-100 Index hits new record high on budget approval
The Pakistan Stock Exchange's (PSX) benchmark KSE-100 Index closed at record high on Friday, a day after the National Assembly (NA) passed the Finance Bill, 2025. The bulls largely maintained their grip over the market, taking the KSE-100 to an intra-day high of 125,285.05. At close, the benchmark index settled at 124,379.07, up by 2,332.60 points or 1.91%. 'Bull dominated today's trading session on aggressive buying by local institutions, as the KSE-100 Index increased 1.9% to close at its ever high level,' brokerage house Topline Securities said in its post-market report. 'This buying by local institutions can be attributed to fresh liquidity on rumored new year allocations towards equity funds,' it added. Top positive contribution to the index came from FFC, LUCK, MEBL, POL, ENGROH, EFERT and OGDC, as they cumulatively contributed 1,044 points to the index, Topline said. Ali Najib from Arif Habib Limited said the PSX had a strong momentum since Friday morning, courtesy to institutional driven buying ahead of FY26 re-allocation towards equities. 'In addition, yesterday's National Assembly budget approval also taken positively by investors community,' he said. On week-on-week basis, the KSE-100 gained 3.63%. 'This gain can be attributed to ceasefire between Israel & Iran during the week bringing an end to geopolitical tensions, which triggered buying by investors before fiscal year end,' Topline said. The NA on Thursday passed the Finance Bill, 2025, with a total outlay of Rs17.57 trillion, for fiscal year 2025-26, incorporating certain amendments, with the support of its coalition partners. The bill was passed clause by clause, with all opposition-proposed amendments rejected. The PSX experienced a turbulent session on Thursday as the KSE-100 plunged amid persistent selling pressure and cautious investor sentiment. The benchmark index lost 715.18 points, closing at 122,046.46. Internationally, Asia shares hit their highest level in more than three years on Friday as they tracked a Wall Street rally, though the dollar struggled on concerns about the Federal Reserve's independence and expectations for early rate cuts. Stock indexes worldwide look set to end the week on a positive note, with worries about tensions in the Middle East and uncertainty over tariffs and trade deals on the back burner for now. MSCI's broadest index of Asia-Pacific shares outside Japan touched its strongest level since November 2021 early in the session. It last traded 0.2% higher and is set to clock a 3% gain for the week. Japan's Nikkei jumped 1.5% and surpassed the 40,000 mark for the first time in five months. Reasons for the upbeat mood included news that Washington has reached an agreement with Beijing on how to expedite rare earth shipments to the United States. US Treasury Secretary Scott Bessent also said on Thursday that he has asked Republicans in Congress to scrap the Section 899 retaliatory tax proposal from their tax and spending bill after Washington reached an agreement with Group of Seven industrial countries. Meanwhile, the Pakistani rupee posted marginal decline against the US dollar, depreciating 0.02% in the interbank market on Friday. At close, the currency settled at 283.72, a loss of Re0.05 against the greenback. Volume on the all-share index increased to 773.41 million from 758.54 million recorded in the previous close. The value of shares rose to Rs37.57 billion from Rs29.93 billion in the previous session. Bank Makramah was the volume leader with 79.75 million shares, followed by Ghani Glo Hol with 27.67 million shares, and Pervez Ahmed Co with 24.85 million shares. Shares of 484 companies were traded on Friday, of which 334 registered an increase, 116 recorded a fall, while 34 remained unchanged.
Express Tribune
a day ago
- Business
- Express Tribune
PSX climbs to historic high at 124,379
The Pakistan Stock Exchange (PSX) closed at another historic high on Friday as investor confidence soared following the approval of federal budget for FY26. The benchmark KSE-100 index surged 2,332.60 points, or 1.91%, to settle at 124,379. 'The market rebounded strongly from Thursday's brief profit-taking phase, with bullish momentum prevailing throughout the session,' noted Ali Najib, Deputy Head of Trading at Arif Habib Ltd. Institutional investors led the rally amid portfolio rebalancing and optimism about the economic direction set by the newly approved budget. Investor sentiment was further buoyed by robust Roshan Digital Account (RDA) inflows, which reached $10.38 billion by May 2025. Monthly inflows rose 13% to $201 million while the number of accounts climbed to 823,224, reinforcing confidence in Pakistan's external account stability. Key index movers included Fauji Fertiliser Company, Lucky Cement, Meezan Bank, Pakistan Oilfields and Engro Holdings, which collectively contributed 866 points to the day's gains. Market breadth remained strong, with 773 million shares traded valuing at Rs37.6 billion. Bank Makramah led the volumes chart with 79.7 million shares changing hands. The benchmark index posted a weekly gain of 3.63%, or 4,356 points, over five sessions. After opening at 118,272, the index touched a high of 125,285 and a low of 115,887, closing well above the key 120,000 psychological mark. Market analysts view the KSE-100's ability to hold above the 122,000 level as a sign of strong momentum. A sustained stability above 120,000 could pave the way for a fresh rally towards 130,000, driven by improving macroeconomic indicators and rising investor confidence.
