KARACHI:
Buyers resorted to sturdy shopping for of engaging shares on the Pakistan Inventory Trade (PSX) on Monday because the benchmark KSE-100 index soared round 1,350 factors and closed only a few factors wanting the 150,000 mark.
The market exhibited a sustained momentum all through the session, throughout which the index climbed to the intra-day peak of 150,066 factors. By the top of buying and selling, the KSE-100 settled at 149,971.12, up a good-looking 1,353.34 factors, or 0.91%.
The rally displays optimism amongst market members, triggered by constructive cues from key sectors comparable to cement and exploration & manufacturing. Revealing inflation statistics, the Pakistan Bureau of Statistics (PBS) reported that the Shopper Value Index (CPI) fell from 4.1% in July to three% in August, pushed by decrease meals and electrical energy costs.
Arif Habib Restricted (AHL) commented in its report {that a} robust follow-through rally, persevering with Friday’s sharp momentum, propelled the KSE-100 index again in the direction of the 150,000 degree.
Some 67 shares rose whereas 32 fell, the place the main constructive contribution got here from Fortunate Cement (+4.24%), Oil and Gasoline Growth Firm (+2.27%) and Fauji Cement (+7.39%). On the flip facet, Fauji Fertiliser Firm (-0.63%), Methods Restricted (-1.77%) and Pakgen Energy (-6.33%) had been the largest index drags, stated AHL.
Amongst company information, Sazgar Engineering launched its FY25 outcomes, the place the corporate declared earnings per share of Rs131.29, up 106% year-on-year (YoY), and dividend per share of Rs52. For 4QFY25, the EPS remained regular at Rs57.60 whereas the corporate introduced dividend per share of Rs20.
AHL identified that the month-to-month CPI-based inflation eased in August, although torrential monsoon rains disrupted provide chains and pushed up costs. The CPI recorded an increase of three% YoY in comparison with 4.1% in July. The brokerage anticipated that positive aspects within the KSE-100 index would proceed in the direction of the weekly draw at 151.2k.
Total buying and selling volumes decreased to 1.2 billion shares in contrast with earlier session’s tally of 1.3 billion. Traded worth stood at Rs48.8 billion. Shares of 480 firms had been traded. Of those, 272 rose, 175 fell and 33 remained unchanged. The Financial institution of Punjab was the quantity chief with buying and selling in 97.7 million shares, gaining Rs1.51 to shut at Rs16.58.
