Karachi, March 14, 2025 – The Pakistan Stock Exchange (PSX) surged past the 115,000-point milestone, fueled by Moody’s upgrade
Karachi, March 14, 2025 – The Pakistan Stock Exchange surged past the 115,000-point milestone, fueled by Moody’s upgrade of Pakistan’s banking sector and optimism surrounding ongoing negotiations with the International Monetary Fund .
The bullish rally reflects growing investor confidence, backed by improving macroeconomic indicators and sectorial growth. The KSE-100 index gained 1,009.70 points, marking a 0.89% increase, and closed at 115,094.23 after hitting an intraday high of 115,247.39. Key contributors to the rally included Fauji Fertilizer , Pakistan State Oil , Lucky Cement , Engro Holdings , and Mari Petroleum , collectively adding 506 points to the index. Trading activity remained robust, with 382 million shares exchanged and a market turnover of Rs25.4 billion, indicating strong investor participation. The Bank of Punjab led the volume charts with 48 million shares traded. Market sentiment received a further boost as Moody’s revised its outlook on Pakistan’s banking sector from stable to positive, reinforcing confidence in its financial stability. Additionally, speculation over the resolution of the power sector’s circular debt and anticipation of the next IMF tranche release contributed to the bullish momentum. An IMF delegation, led by Mission Chief Nathan Porter, is currently in Pakistan to review the $7 billion Extended Fund Facility. A successful review could unlock a $1 billion tranche, strengthening economic stability and further fueling market optimism.Analysts predict continued positive momentum in Pakistan’s stock market with improving macroeconomic conditions, increased foreign and local investment, and strong trading volumes.The Pakistan Stock Exchange achieved a historic milestone today as it...
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'Captain America: Brave New World' soars toward a $100 million holiday weekend‘Captain America: Brave New World’ soars toward a $100 million holiday weekend
Read more »
IMF technical delegation in Pakistan for talks on climate financingA preliminary draft will be discussed and the IMF will give suggestions on the carbon levy
Read more »
PSX rebounds as KSE-100 index surges past 114,000 markInvestors are now eying key economic development and corporate earnings reports
Read more »
Iraqi scholars seek Islamic finance collaboration with PakistanPSX officials provided an overview of Pakistan’s capital market
Read more »
Govt team, IMF begin talks on agricultural income taxGovt team, IMF begin talks on agricultural income tax
Read more »
IMF-Pakistan discussions begin for $1 Billion loan releaseISLAMABAD: Pakistan and the International Monetary Fund (IMF) have begun policy-level talks to secure the disbursement of a $1 billion loan
Read more »