- The KSE-100 index climbs 253 points, ending at 113,342.43.
- Reference index of solid purchase elevators at 114,029.75 peak.
- The lowest level of the session was recorded at 113,060.25.
The capital market continued to rise up on the rise on Wednesday, ending with modest gains in the midst of solid foreign investment commitments, an increase in global prices for crude oil and expectations of additional flexibility by the bank D ‘Pakistan state (SBP).
The KSE-100 index of the Pakistan Stock Exchange (PSX) increased by 253.96 points, or 0.22%, to close to 113,342.43, against its previous fence of 113,088.47. The index hit an intraday summit of 114,029.75, while the lowest level of the session was recorded at 113,060.25.
“WB support (World Bank) to the privatization of public enterprises, to the promise (de) of more than $ 40 billion in investment, and to WB government’s commitment to reforms, triggered the Bull Run at PSX, “said Ahsan Mehanti, Managing Director and Chief Executive Officer of ARIF Habib Commodits.
The feeling of investors received a significant boost after Prime Minister Shehbaz Sharif welcomed an investment of $ 40 billion from the World Bank on Monday, calling it a “new chapter” in the development of Pakistan.
WB investment is divided into two key components: $ 20 billion for the Pakistan private sector under the International Finance Corporation (IFC) and an additional $ 20 billion allocated to public sector development projects. These funds will support young health, education and development initiatives, as well as infrastructure improvements.
Meanwhile, the Pakistan economic team is preparing for the next IMF review, scheduled for March 4, under the $ 7 billion (EFF). The IMF board of directors is expected to approve a branch of $ 1 billion by April 2025.
Pakistan has so far received $ 5.5 billion in foreign loans this exercise, including the disbursements of the IMF, but the amount remains well below the planned entries of $ 19 billion for 25.
The Pakistan Information Technology Sector (TI) has shown robust performance, displaying $ 313 million in exports for January 2025, reflecting an 18% increase in annual shift.
While monthly exports have decreased by 10% compared to December 2024, the turnover of January remains above the average of $ 303 million, making it the 16th consecutive month of annual sliding since October 2023 .
Cumulatively, its exports for the first seven months of fiscal year 25 (July-January) increased by 27% in annual sliding, reaching 2.18 billion dollars.
“The rise in world prices for crude oil, robust export data, optimistic profits from the fertilizer, cement and bank sectors and expectations for more new SBP policies in the middle of thin inflation have Played a catalyst role in the bullish race, ”noted Mehanti.
The cement sector has remained a leading contributor, benefiting from the drop in coal prices and infrastructure development projects. The banking sector has also experienced strong gains, before the profits of commercial banks.
The PSX had organized a strong resumption on Tuesday, slamming a sequence of defeats of four sessions while investors took advantage of the assessments of attractive actions and sectoral gains.
The KSE-100 index jumped by 1,344.95 points, or 1.2%, to end at 113,088.48 Tuesday, after touching an intraday summit of 113,252.55.