KARACHI:
The bullish pattern continued on the Pakistan Inventory Change (PSX) on Tuesday because the KSE-100 index superior practically 800 factors in a rally reflecting a steady coverage charge and authorities’s skill 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. Thus far, $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 yr.
The State Financial institution of Pakistan (SBP) governor reiterated that every one exterior obligations, together with a $500 million bond maturity, can be met on time with out straining the international foreign money reserves.
KTrade Securities, in its market wrap, talked about that the PSX closed one other session on a constructive be aware because the benchmark KSE-100 index gained 796 factors (+0.51%) to settle at 156,181. The rally was supported by sturdy performances in shares of Meezan Financial institution, TRG Pakistan, Oil and Fuel Growth Firm, Hub Energy, Pakistan State Oil, Mari Energies and The Financial institution of Punjab.
The report largely attributed the index’s progress to the SBP’s choice to keep up coverage charge at 11%, which was welcomed by the market as a prudent and stabilising measure.
Buying and selling exercise remained sturdy, with volumes reaching 1,356 million shares. The resilience on the PSX displays investor confidence in Pakistan’s long-term financial prospects, supported by enhancing company earnings. Nevertheless, some short-term consolidation is probably going because the market prepares for futures rollover subsequent week, KTrade predicted.
Arif Habib Restricted (AHL) 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 Fuel Growth Firm (+1.37%) contributed essentially the most to index good points. On the flip aspect, Fauji Fertiliser (-0.79%), MCB Financial institution (-0.5%) and Askari Financial institution (-1.85%) have been the largest drags, it stated.
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 whole, $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 yr.
Moreover, the SBP governor expressed confidence that every one repayments can be met on time with out straining reserves and confirmed that the $500 million bond maturity can be repaid with out impacting the international foreign money holdings. AHL concluded that the KSE-100 stays on observe to hit 158k within the close to time period.
General 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. It was adopted by The Financial institution of Punjab with 112.3 million shares, rising Rs1.17 to shut at Rs19.74 and Pakistan Worldwide Bulk Terminal with 77.9 million shares, up Rs1 to shut at Rs13.41. International buyers offered shares value Rs1.36 billion, the Nationwide Clearing Firm reported.
