Latest news with #KSE-30
Express Tribune
13-05-2025
- Business
- Express Tribune
KSE-100 crosses 120,000 as ceasefire, IMF support drive market rally
Listen to article The Pakistan Stock Exchange (PSX) extended its rally, with the benchmark KSE-100 Index once again surpassing the 120,000 points mark during intra-day trading on Tuesday. The surge was fuelled by a combination of improved diplomatic and economic developments, including the recent ceasefire agreement with India, and the International Monetary Fund's (IMF) approval of a key financial package. During intra-day trading, the KSE-100 Index rose by 2,769.39 points—or 2.36%—to reach an intraday high of 120,067.12, rebounding from the previous close of 117,297.73. The momentum followed Monday's record-breaking gains, as investors responded positively to signs of macroeconomic stability and easing regional tensions. According to PSX data, the market had recorded a trading volume of 140.7 million shares, valued at Rs17.07 billion. This marks the index's return above the 120,000 threshold, last crossed on April 4. Read more: The stock market earlier on Monday staged its highest single-day rally, driven by a host of positive developments, most significant of which included the surprise ceasefire with India and President Trump's offer to mediate in the Kashmir dispute. Additionally, Trump's encouragement towards increased trade and the IMF's approval of $2.4 billion in disbursements, with $1 billion coming from its Extended Fund Facility (EFF) and $1.4 billion from the Resilience and Sustainability Facility (RSF), played a key role in the unprecedented bull run. The KSE-30 index surged over 5% for five straight minutes. The pause did little to cool investor sentiment, and the KSE-100 index shot up to the intra-day high of 10,153 points, before cooling slightly to 10,123 points at 117,297. Read more: After a week of market gloom driven by regional unrest, a surprise ceasefire breakthrough and a multibillion-dollar IMF assistance served as a cocktail of catalysts that sent the market soaring. With diplomacy soothing nerves and dollars flowing in, the PSX didn't just bounce; it roared back to life, kicking off the week with a blaze of renewed confidence, reported Topline.
Express Tribune
12-05-2025
- Business
- Express Tribune
PSX surges as tensions with India ease
In an electrifying turn of events, the Pakistan Stock Exchange (PSX) on Monday staged its highest single-day rally, driven by a host of positive developments, most significant of which included the surprise ceasefire with India and President Trump's offer to mediate in the Kashmir dispute. Additionally, Trump's encouragement towards increased trade and the IMF's approval of $2.4 billion in disbursements, with $1 billion coming from its Extended Fund Facility (EFF) and $1.4 billion from the Resilience and Sustainability Facility (RSF), played a key role in the unprecedented bull run. Market momentum was further amplified by a surge in global equities and crude oil prices post-trade deal between the US and China as well as policy easing by the State Bank of Pakistan (SBP). There was widespread enthusiasm as investors engaged in a buying spree, triggering a halt to trading moments after the opening bell. The KSE-30 index surged over 5% for five straight minutes.
Express Tribune
12-05-2025
- Business
- Express Tribune
PSX skyrockets as tensions ease
In an electrifying turn of events, the Pakistan Stock Exchange (PSX) on Monday staged its highest single-day rally, driven by a host of positive developments, most significant of which included the surprise ceasefire with India and President Trump's offer to mediate in the Kashmir dispute. Additionally, Trump's encouragement towards increased trade and the IMF's approval of $2.4 billion in disbursements, with $1 billion coming from its Extended Fund Facility (EFF) and $1.4 billion from the Resilience and Sustainability Facility (RSF), played a key role in the unprecedented bull run. Market momentum was further amplified by a surge in global equities and crude oil prices post-trade deal between the US and China as well as policy easing by the State Bank of Pakistan (SBP). There was widespread enthusiasm as investors engaged in a buying spree, triggering a halt to trading moments after the opening bell. The KSE-30 index surged over 5% for five straight minutes. The pause did little to cool investor sentiment and the KSE-100 index shot up to the intra-day high of 10,153 points, before cooling slightly to 10,123 points at 117,297. Trading activity was robust, with 732.9 million shares traded during the day and a traded value of Rs30.4 billion. According to Ahsan Mehanti of Arif Habib Corp, stocks made a historical surge, led by across-the-board activity, amid a surprise ceasefire between Pakistan and India and Trump's offer to work on a solution for the Kashmir dispute and increase trade substantially. A surge in global equities and crude oil prices after a US-China trade deal, alongside rupee stability amid the IMF board's approval of EFF and RSF disbursements, and SBP policy easing played the role of catalysts in bullish close at the PSX, added Mehanti. At the end of trading, the benchmark KSE-100 index recorded an increase of 10,123.09 points, or 9.45%, and settled at 117,297.73. In its market review, Topline Securities commented "the bulls came stampeding into the Pakistan Stock Exchange today, torching the gloom with a historic 9.45% rally - the biggest single-day surge the KSE-100 has ever witnessed." It remarked that the benchmark index rocketed to an intra-day high of 10,153 points, before cooling slightly to close at a blazing 117,297, soaring 10,123 points, as investor sentiment did a full 180-degree flipping from panic to power in just a few days. The rally was so intense that trading was temporarily halted just moments after the opening bell, as the KSE-30 index surged over 5% for five straight minutes, triggering the market's circuit breaker mechanism. The one-hour pause did little to cool investor enthusiasm; if anything, it added fuel to the fire, added the brokerage house. After a week of market gloom driven by regional unrest, a surprise ceasefire breakthrough and a multibillion-dollar IMF assistance served as a cocktail of catalysts that sent the market soaring. With diplomacy soothing nerves and dollars flowing in, the PSX didn't just bounce; it roared back to life, kicking off the week with a blaze of renewed confidence, reported Topline. The largest surge on the benchmark index came from Fauji Fertiliser Company, UBL, Engro Holdings, Mari Petroleum and Lucky Cement, which collectively added 3,003 points to the KSE-100, it added. In its commentary, Arif Habib Limited (AHL) said that the PSX broke records, gaining 9.45% day-on-day, following Pakistan's ceasefire with India. Some 100 shares rose while 0 fell, with Fauji Fertiliser Company (+10%), UBL (+10%) and Engro Holdings (+10%) contributing the most to index gains, noted AHL. The brokerage mentioned that there was a powerful convergence of positive developments that set the stage for the resurgence of the PSX. The ceasefire, alongside President Trump's recent statement pledging support for the resolution of the Kashmir issue as well as his encouragement for enhanced trade relations between India and Pakistan were the most significant catalysts. In addition to this, Pakistan has secured the IMF's approval for a $1 billion disbursement under its EFF programme and a $1.4 billion disbursement from the RSF, noted AHL. It added that Monday's gains keep the KSE-100 index in the 105,000-120,000 range, with focus now on the sustainability of the current move as it approaches the top of the range. Ali Najib, Head of Sales at Insight Securities, stated that as war clouds subsided, the PSX registered a record single-day gain of 10,000+ points, marking its highest-ever single- day close. The day resumed on a jubilant note as the PSX welcomed the ceasefire between India and Pakistan announced over the weekend, which provided a sigh of relief to the investor community. In addition, the IMF's board of directors' approval of Pakistan's EFF on Friday night further fuelled investor enthusiasm, mentioned Najib. Overall trading volumes increased to 732.9 million shares compared with Friday's tally of 516.3 million. Shares of 462 companies were traded. Of these, 405 stocks closed higher, 26 fell and 31 remained unchanged. K-Electric was the volume leader with trading in 114.5 million shares, gaining Rs0.55 to close at Rs4.56. It was followed by At-Tahur Limited with trading in 75.9 million shares, gaining Rs1.44 to close at Rs44.01 and WorldCall Telecom with 66 million shares, gaining Rs0.16 to close at Rs1.32. During the day, foreign investors bought shares worth Rs93.3 million, the National Clearing Company of Pakistan reported.
Business Recorder
12-05-2025
- Business
- Business Recorder
KSE-100 surges over 10,000 points on India-Pakistan ceasefire, IMF approval
The Pakistan Stock Exchange (PSX) staged a strong comeback on Monday, driven by a 'convergence of positive developments' including a ceasefire agreement between India and Pakistan, as well as the International Monetary Fund's (IMF) approval of crucial funding. The benchmark KSE-100 Index gained 10,123 points, the highest-ever gain, on Monday. The benchmark index kicked off trading with a bang, jumping to an intra-day high of 117,104.11, an increase of 9,929.48 points or 9.26%. 'As expected, the Pakistani stock market rallied at the open with the KSE 100 index opening up at a record 9,900 or 9.3%. Sentiments are extremely positive after the ceasefire and approval of the loan tranche by the IMF at the weekend,' said Mohammed Sohail, CEO of Topline Securities, in a note earlier during the day. Following a 9% jump, market operations were halted temporarily. 'Due to a 5% increase in the KSE-30 index from the previous trading day's close of the index, a Market Halt has been triggered as per PSX regulations, and all equity and equity-based markets have been suspended accordingly,' the PSX notice read. 'This upside market halt has happened after two years,' said Sohail. The market later opened at 10:42am, with bullish momentum continuing thereafter. At close, the benchmark index settled at 117,297.73, an increase of 10,123.10 points or 9.45%. Earlier, across-the-board buying momentum was observed in key sectors, including banking and energy stocks. Index-heavy stocks including HUBCO, NRL, MARI, OGDC, PPL, POL, PSO, SNGPL, SSGC, HBL, MEBL, MCB and UBL traded in the green. 'A powerful convergence of positive developments has set the stage for a potential resurgence in the PSX, with Monday's session expected to open on a markedly bullish note,' said Arif Habib Limited (AHL) in its report on Monday. The brokerage house anticipates the KSE-100 index to post a strong rally, potentially gaining 6 – 7%, while believing many stocks will close to the upper limit of 10% as investor sentiment flips from fear to opportunity. 'The most significant catalyst is the ceasefire agreement between India and Pakistan — a major diplomatic achievement that sharply lowers geopolitical risk in the region. The announcement comes after weeks of tension following the Pahalgam attack, which had triggered aggressive selloffs and fueled widespread investor concerns. 'Adding further momentum is the US President's recent statement pledging support for resolving the Kashmir issue and encouraging enhanced trade relations between India and Pakistan,' read the report. 'Together, the ceasefire, IMF support, monetary easing, and the positive shift in trade relations with the US form a powerful trifecta of bullish triggers just as the market attempts to recover from its recent sharp correction that began on April 22, 2025, following the Pahalgam attack and subsequent regional tensions,' read the report. AHL noted that since April 22nd, 2025, the KSE-100 index has declined by 12.6%. During the previous week, the PSX closed in the red, as mounting geopolitical tensions between Pakistan and India weighed heavily on investor sentiment. Persistent uncertainty surrounding regional stability prompted widespread caution, dragging market performance down throughout the trading week except Friday, when it showed a strong recovery. The benchmark KSE-100 Index shed 6,939 points, or 6.1%, on a week-on-week basis, closing at 107,175 points compared to 114,114 points in the previous week. Internationally, Wall Street stock futures climbed and the dollar firmed against safe haven peers on Monday as signs of progress in US-China trade talks boosted hopes a global recession might be avoided, though details of any deal were still to come. Geopolitical tensions also looked to be easing as a fragile ceasefire held between India and Pakistan, while Ukrainian President Volodymyr Zelenskiyy said he was ready to meet Vladimir Putin in Turkey on Thursday for talks. Over in Geneva, US Treasury Secretary Scott Bessent touted 'substantial progress' in trade discussions, while Chinese officials said the sides had reached 'important consensus' and agreed to launch another new economic dialogue forum. A joint statement is expected later on Monday, though it was notable that neither side mentioned tariff rates specifically. Markets reacted by pushing S&P 500 futures up 1.2%, while Nasdaq futures rose 1.4%. EUROSTOXX 50 futures firmed 0.9%, while FTSE futures added 0.4% and DAX futures 0.7%. Japan's Nikkei edged up 0.3%, while South Korea gained 0.4%. Meanwhile, the Pakistani rupee inched up against the US dollar, appreciating 0.05% in the inter-bank market on Monday. At close, the local currency settled at 281.57, a gain of Re0.14 against the greenback. Volume on the all-share index increased to 732.88 million from 516.29 million recorded in the previous close. The value of shares rose to Rs30.38 billion from Rs28.84 billion in the previous session. K-Electric Ltd was the volume leader with 114.46 million shares, followed by At-Tahur Ltd with 75.91 million shares, and WorldCall Telecom with 66.04 million shares. Shares of 405 companies were traded on Monday, of which 405 registered an increase, 26 recorded a fall, while 31 remained unchanged.
India Today
12-05-2025
- Business
- India Today
Pakistan's stock exchange halts trading for an hour. Here's why
In a dramatic start to the week, Pakistan's stock exchange was forced to halt trading for an hour after its benchmark KSE-100 index jumped 8.84% in early trade, triggering regulatory circuit surge was driven by easing geopolitical tensions following four days of heavy cross-border shelling, which ended with a surprise ceasefire agreement over the to a notification from the Pakistan Stock Exchange (PSX), all equity and equity-based markets were temporarily suspended after the KSE-30 index rose more than 5% from the previous session's close — the threshold for a market halt under PSX optimism wasn't confined to Karachi. Dalal Street saw a similar wave of relief as Indian benchmarks rallied nearly 3% in early trade. The BSE Sensex was up 2298.41 points to 81,752.88 at 11:51 am, while the NSE Nifty50 jumped 714 points to 24, rally across both countries highlights how sensitive markets are to geopolitical shifts, particularly in regions with historical volatility. The India-Pakistan ceasefire, coming after days of missile and drone strikes, injected a dose of calm into markets that had braced for a more prolonged in India, heavyweight gainers such as Adani Ports, Infosys, Axis Bank, HDFC Bank, and Reliance surged around 4%, pushing up the total market capitalisation of BSE-listed companies by over Rs 11 lakh crore. Broader market indices followed suit, reflecting widespread Bathini, Director – Equity Strategy at WealthMills Securities, said the Indian market rally was backed not only by the ceasefire but also by improving global cues. 'The de-escalation between India and Pakistan has lifted investor sentiment, and the positive progress on US-China trade relations is adding to the momentum,' he added that the India VIX had cooled below 20, signalling reduced volatility, while solid earnings with no major negative surprises have helped sustain the the ceasefire acting as a short-term tailwind, both Indian and Pakistani markets appear to be pricing in a period of relative calm. However, analysts caution that sustained gains will hinge on broader fundamentals — including upcoming economic data, Q4 earnings, and how long the diplomatic dtente lasts.(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)Tune InMust Watch advertisement
