The equity market has extended its upward sequence in the new week, exceeding the level of 133,000 for the first time in intraday trade, reinforced by optimism on commercial negotiations, macroeconomic stability and the prospects for solid profits.
Pakistan Pakistan Benchmark KSE-100 index of Pakistan Pakistan has climbed to an intra-day summit of 133,720.54, winning 1,771.48 points, or 1.34%, and recorded a minimum of 132,467.12, reflecting a gain of 518.06 points, or 0.39%.
“The tariff agreement and continuous optimism are fed with the rally. Technically, we have raped several new summits. The gain season is also by our side, so all of this is fueled the rally for the moment,” said Ahfaz Mustafa, CEO of Ismail Iqbal Securities.
The feeling of investors remains dynamic in the middle of inflation of the decline, the strengthening of exchange reserves and renewed capital entries. Analysts provide that positive impetus will continue, supported by an investment transition from income from stocks due to the largest taxation on alternative assets and lower yields.
The PSX finished exercise 25 as the most efficient market in the region, offering a total return of 60%. This momentum took place in exercise 26, raising the KSE-100 index in Uncharted territory. Daily negotiated average volumes (ADTV) jumped 31% WOW, indicating increased participation in investors.
The rally was supported by macroeconomic confidence. Pakistan obtained $ 3.4 billion in Chinese reversal and refinancing, alongside an additional $ 1.5 billion in Middle East lenders and multilateral partners.
The rally was supported by macroeconomic confidence. Pakistan obtained $ 3.4 billion in Chinese reversal and refinancing, alongside an additional $ 1.5 billion in Middle East lenders and multilateral partners.
The reserves of the State Bank of Pakistan (SBP) amounted to $ 14.51 billion on June 30.
Inflation data has strengthened the bullish feeling. The consumer price index (IPC) for June slowed down to 3.2% in annual shift, which brings at 4.5% the average inflation of the 201.5., Or a sharp drop of 23.4% during the financial year 24. This opens the place for the potential decreases of interest rates, improving the case of investment for shares.
