PSX surges 1,563 points as Trump announces trade deal with Pakistan
The benchmark KSE-100 index gained 1,563.78 points, or 1.13%, during intra-day trading to reach 139,976.03, up from the previous close of 138,412.25.
Read: Pakistan, US seal trade deal
The index hit an intraday high of 140,215.22 and a low of 139,369.06.
The total trading volume stood at 86.39 million shares, with a market value of Rs12.22 billion.
The market opened on a bullish note and sustained strong momentum throughout the session, driven by optimism following the trade announcement.
Earlier on Wednesday, PSX witnessed a mixed session as investors remained cautious ahead of the State Bank of Pakistan's (SBP) policy rate announcement.
Read more: Stocks rise as SBP keeps rate on hold
However, late-session buying lifted the benchmark KSE-100 index by nearly 450 points.
It closed with a gain of 447.43 points, or 0.32%, at 138,412.25.
"The market ended on a positive note as banks rallied following the SBP's announcement to keep policy rate unchanged, contrary to market expectations of a reduction of 50 basis points," AKD Securities Director Research Mohammed Awais Ashraf told The Express Tribune.
Also read: SBP holds rate steady at 11%
Additionally, Systems Limited surged after acquiring British American Tobacco's SAA services to fuel its future growth.
Arif Habib Limited (AHL) observed that the KSE-100 rose from the support zone to regain the 138k level. Some 41 shares rose while 59 fell with Systems Ltd (+6.9%), United Bank (+2.08%) and Habib Bank (+3.21%) contributing the most to index gains.
On the contrary, Fauji Fertiliser (-0.7%), Lucky Cement (-1.51%) and Engro Holdings (-0.94%) were the biggest drags, it said.
In corporate news, Engro Fertilisers announced 1HCY25 earnings per share (EPS) of Rs6.34 (+10% year-on-year) and a dividend of Rs6.50 per share.
Overall trading volumes decreased to 425.8 million shares compared with Tuesday's tally of 606.3 million.
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Express Tribune
3 hours ago
- Express Tribune
PSX pauses at 145k after seven-week rally
Listen to article The Pakistan Stock Exchange (PSX) closed modestly lower on Friday as investors opted for profit-taking at the end of a robust week, with the benchmark KSE-100 index settling at 145,383, down 264 points, or 0.18%. The market's consolidation around the 145,000 level came as the State Bank of Pakistan reported a $72 million drop in foreign exchange reserves to $14.23 billion for the week ended Aug 1 – the third consecutive weekly decline, attributed to external debt repayments, said Arif Habib Ltd Deputy Head of Trading Ali Najib. Caution prevailed amid rising government bond yields, fresh trade data and monetary policy signals, prompting selective profit-booking. Heavyweights such as Engro Fertilisers, Lucky Cement, Systems Limited, Mari Petroleum and Hubco collectively shaved 399 points off the index, while renewed buying in Engro Holdings, Fauji Fertiliser Company, Oil and Gas Development Company and MCB Bank added 426 points. Market Snapshot – August 8, 2025 Unlock today's market moves and stay one step ahead! — PSX (@pakstockexgltd) August 8, 2025 Trading volumes held steady at 548 million shares while traded value stood at Rs45.5 billion. Pakistan Petroleum Limited (PPL) led the activity with 22 million shares changing hands. Despite Friday's dip, the KSE-100 extended its winning streak for a seventh straight week, surging 4,348 points, or 3.08%. The index opened the week at 141,963 points, touched intra-day high of 146,813 and low of 141,441 before closing at 145,383. Analysts expect some consolidation or a mild correction in the coming sessions, where 145,000 is seen as the first support level, followed by 143,000. Resistance remains at the 150,000 psychological mark.
Business Recorder
3 hours ago
- Business Recorder
KSE-100 Index closes marginally lower after late-session selling
Profit-taking was observed at the Pakistan Stock Exchange (PSX) during the second half of the trading session on Friday, which erased all intra-day gains and pushed the market into the negative territory. Market kicked off trading on a positive note, leading the KSE0-100 to an intra-day high of 146,813.43. However, investors soon resorted to profit-taking in the second half of the trading session, dragging the index to an intra-day low of 144,917.19. At close, the benchmark index settled at 145,382.80, down by 264.34 points or 0.18%. Top positive contribution to the index came from ENGROH, FFC, OGDC and MCB, as they cumulatively contributed 395 points to the index. On the other hand, EFERT, LUCK, SYS, MARI and HUBC lost value to weigh down on the index by 399 points, brokerage house Topline Securities said in its post-market report. KSE 100 increased 3.08% on week-on-week (WoW) basis. 'This gain can be largely be attributed to buying by mutual funds on inflow of funds as equities performance continue to outshine other asset classes,' Topline said. On Thursday, PSX extended its record-breaking rally as bullish sentiment persisted amid strong buying from local mutual funds. The KSE-100 Index reached another record, making an all-time closing high of 145,647.14 points, which was 558.64 points or 0.39%. Internationally, Japanese shares surged on Friday after positive earnings reports and expectations that the US would remove overlapping tariffs on the country's goods, while shares were down in other Asian markets after a late retreat on Wall Street during the previous session. MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.4% with Hong Kong's market leading declines, after US stocks ended the previous session with mild losses after nearing a one-week high. Meanwhile, Japanese stocks soared, with the Nikkei 225 up 2% and the Topix index hitting a fresh record, trading above 3,000 for the first time. Shares in SoftBank Group rallied as much as 11% after the technology investor reported that it swung back to profit in the first quarter. Sony Group gained 6%, adding to its earnings-fuelled 4.1% advance from Thursday. US stock futures, the S&P 500 e-minis, were up 0.3%, while Nasdaq futures rose 0.4%, on track to extend gains into a third day. The rally for stocks comes 'against the backdrop of an emerging titanic dovish pivot at the Federal Reserve,' said Tony Sycamore, market analyst at IG in Sydney. US President Donald Trump said on Thursday he would nominate Council of Economic Advisers Chairman Stephen Miran for the vacant seat at the Federal Reserve while the White House seeks a permanent addition to the central bank's governing board and continues its search for a new Fed chair. The market is also digesting a Bloomberg News report that Fed Governor Christopher Waller is the top candidate to replace Chair Jerome Powell, whose term ends on May 15, 2026. Meanwhile, the Pakistani rupee maintained its upward momentum against the US dollar, appreciating 0.03% in the inter-bank market on Friday. At close, the currency settled at 282.47, a gain of Re0.09. Volume on the all-share index decreased to 548.05 million from 712.53 million recorded in the previous close. The value of shares rose to Rs45.49 billion from Rs55.68 billion in the previous session. Pak Petroleum was the volume leader with 21.97 million shares, followed by with 21.26 million shares, and Loads Limited with 20.56 million shares. Shares of 482 companies were traded on Friday, of which 151 registered an increase, 296 recorded a fall, while 35 remained unchanged.
Business Recorder
4 hours ago
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Here's how to invest in Pakistan Stock Exchange
The Pakistan Stock Exchange (PSX) has been flying high for past several months fuelled by various factors, including strengthened macroeconomic indicators. Capitalising on the economic boom, a plethora of investors has made exponential growth, particularly in the last one and a half years. Influencers and traders are wooing new investors to commit their capital in the stock market in order to gain financial returns, even though there is bright chance of losing it as well. Before you start investing in the PSX, you have to open an investing account with a brokerage firm. This firm will act as your intermediary to the stock market. Opening an account and starting to invest can be done with a small amount of capital. To find a brokerage firm, you can visit Here you will see a slide-out menu on the right. Hover your cursor over it and click on Find a Brokerage Firm. On this page you will find a list of brokers who deal online as well but some of them deal physically only. Right above this list, you can find a bar titled List of Brokers Facilitating Online Account Opening, clicking on this will download a list of brokers facilitating online account opening. You can choose a brokerage house of your choice, preferably from the renown ones, which you can find in a list of top 10 brokers on PSX website's main page as well. After technical issues, stock brokers association slams PSX for 'new trading system' After choosing your brokerage firm, go to its website. Here you can find Account Opening Form. You need to open two types of accounts with the firm: Trading Account: This is your account with the brokerage firm, used to place buy and sell orders. Central Depository Company (CDC) Account: This is where your shares are electronically stored. The CDC is the central custodian for all shares traded in Pakistan. Your broker will facilitate the opening of this account for you. Required documents: A completed account opening form (provided by the broker). A copy of your Computerised National Identity Card (CNIC). Proof of income (salary slip or bank statement or business letter head) is required. A recent utility bill. Nominee details, if any (CNIC of your nominee). Your brokerage firm will provide you with a login details for their online trading portal. After your accounts are opened, you need to deposit money into your trading account. This can typically be done through: Online bank transfer. Cheque deposit. Cash deposit at the brokerage firm's office. Your investment amount can be as low as the price of a single share, though brokers may have a minimum deposit requirement to start. Take some time to familiarise yourself with the platform. Learn how to search for stocks, view real-time prices, and understand the basic layout. Research companies you are interested in. Look at their performance, business model, and news related to their sector. For placing an order, log in to your trading account. Find the stock you want to buy. PSX extends record streak, KSE-100 crosses 146,000 level Select the number of shares and the price you are willing to pay or buy at the current market price. Confirm your order. Once the transaction is complete, the shares will be transferred to your CDC account, and the money will be deducted from your trading account. You are now officially an investor in the PSX. What to see when investing? There are various kinds of investments through which people make profits. The fundamental tip for ending up in profit is be patient and don't get carried away by sentiments, as explained by IGI Securities Assistant Manager Equity & Commodity Sales Inam Shakir. 'People end up in loss when they panic sell their shares,' said Inam, speaking to Business Recorder. Sharing an anecdote, he said two brothers, MBBS doctors by profession, invested millions of rupees and one made substantial gains while the other tanked badly. 'They invested in the stock market the same day in 2018 — one Rs4.6 million and the other Rs1.8 million. The one who invested Rs4.6 million suffered huge loss and was left with Rs0.15 million only, whereas the one who invested Rs1.8 million has accumulated gains more than Rs11 million over his principal investment amount,' he said. The difference between them, he said, was that one was doing day trading, like he tried to fish profits on a daily basis and suffered back to back losses and the other reaped benefit through dividends and long term investment. Explaining margin trading/ margin financing, Inam said it involves borrowing money from brokerage house, which mostly charges just the transaction fee for each share and sometimes charges interest too over the aggregate amount, for making investment on a confidence that the investor will get profit over it. This money is lent for one month and if the investor fails to make transaction within this time for whatever reason, he has to pay 25% over the borrowed money, he said. The above article was contributed by Baseer Ahmed, Head of Political Desk at Business Recorder (Digital).
