KARACHI:
The bullish development continued on the Pakistan Inventory Alternate (PSX) on Tuesday because the KSE-100 index superior practically 800 factors in a rally reflecting a steady coverage fee and authorities’s means to satisfy exterior debt obligations. Notably, the index reclaimed the 156,000-point stage whereas constructing on Monday’s profitable defence of a key assist zone.
Pakistan has to repay exterior debt value $26.1 billion in FY26 comprising principal loans of $22 billion and curiosity prices of $4.1 billion. To this point, $3.5 billion value of obligations have been met by means of $1.5 billion in repayments and $2 billion in rollovers, leaving $22.5 billion, which is because of be repaid over the remaining interval of the present fiscal 12 months.
Including to the momentum, the State Financial institution of Pakistan (SBP) governor reiterated that every one exterior obligations, together with a $500 million bond maturity, could be met on time with out straining the overseas reserves.
KTrade Securities, in its market wrap, talked about that the PSX closed one other session on a optimistic observe because the benchmark KSE-100 index gained 796 factors (+0.51%) to settle at 156,181. The rally was supported by robust performances in shares of Meezan Financial institution, TRG Pakistan, Oil and Gasoline Growth Firm, Hub Energy, Pakistan State Oil, Mari Energies and The Financial institution of Punjab.
The report largely attributed the index’s development to the SBP’s choice to keep up coverage fee at 11%, which was welcomed by the market as a prudent and stabilising measure.
Buying and selling exercise remained sturdy, with complete volumes reaching 1,356 million shares. The resilience on the PSX displays investor confidence in Pakistan’s long-term financial prospects, supported by bettering company earnings.
Nevertheless, some short-term consolidation is probably going within the coming periods because the market prepares for futures contract rollover subsequent week, KTrade predicted. Arif Habib Restricted remarked that the PSX regained the 156,000 stage following a profitable check of assist on Monday.
Some 67 shares rose whereas 31 fell, the place Meezan Financial institution (+2.64%), TRG Pakistan (+10%) and Oil and Gasoline Growth Firm (+1.37%) contributed probably the most to index beneficial properties. On the flip facet, Fauji Fertiliser (-0.79%), MCB Financial institution (-0.5%) and Aaskari Financial institution (-1.85%) have been the most important drags, it mentioned.
AHL talked about that the federal government’s exterior debt repayments for FY26 stood at $26.1 billion together with $4.1 billion value of curiosity and $22 billion in principal quantity. Of the full, $3.5 billion has been managed – $1.5 billion repaid whereas $2 billion rolled over. Round $22.5 billion is due within the remaining months of the present fiscal 12 months.
Moreover, the SBP governor expressed confidence that every one repayments could be met on time with out straining reserves and confirmed that the $500 million bond maturity could be repaid with out impacting the overseas forex holdings. AHL concluded that the KSE-100 index stays on monitor to hit 158k within the close to time period.
Total buying and selling volumes jumped to 1.4 billion shares versus Monday’s tally of 857.6 million. Traded worth was recorded at Rs43.3 billion.
Shares of 483 firms have been traded. Of those, 280 shares rose, 178 fell and 25 remained unchanged. WorldCall Telecom was the quantity chief with buying and selling in 125.7 million shares, gaining Rs0.09 to shut at Rs1.66.
