{"id":2963,"date":"2024-12-23T06:23:48","date_gmt":"2024-12-23T06:23:48","guid":{"rendered":"https:\/\/ventil.rs\/blog\/business\/psx-surges-as-political-calmness-prevails-such-tv\/"},"modified":"2024-12-23T06:23:48","modified_gmt":"2024-12-23T06:23:48","slug":"psx-surges-as-political-calmness-prevails-such-tv","status":"publish","type":"post","link":"https:\/\/ventil.rs\/blog\/business\/psx-surges-as-political-calmness-prevails-such-tv\/","title":{"rendered":"PSX surges as political calmness prevails – SUCH TV"},"content":{"rendered":"


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The Pakistan Stock Exchange (PSX) began the week on a strong note, surging over 2,000 points as political calm returned following a period of heightened agitation.<\/p>\n<\/p><\/div>\n

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The PSX’s benchmark KSE-100 Index jumped 2046.78 points or 1.87% to hit 111,594.98 points, up from the previous session’s close of 109,513.14 points, which also witnessed a sharp increase of more than 3,00 points.<\/p>\n

Last week saw a decline of around 9,000 points, but the market recovered on Friday, indicating renewed optimism and suggesting that investors are finding value at current levels.<\/p>\n

Ismail Iqbal Securities Chief Executive Officer Ahfaz Mustafa told\u00a0private news channel\u00a0that the market’s rise can be attributed to the “calmness on the political front”.<\/p>\n

The Pakistan Tehreek-e-Insaf (PTI) and the government will begin dialogue later today after much ado, with the meeting set to take place in-camera under the chairmanship of National Assembly Speaker Ayaz Sadiq.<\/p>\n

Mustafa further added that the market has surged about 2,000 points in early trade recouping losses from the earlier correction of roughly 9,000 points earlier last week.<\/p>\n

“The correction is over and fresh inflows are being reported from mutual funds and high net-worth individuals driving the market upwards,” he said, further adding that the surge was also due to the “stable yields on government paper”.<\/p>\n

Several other factors have also led to the market’s surge, including the State Bank of Pakistan’s move to cut the policy rate to 13% after a reduction of 200bps.<\/p>\n

The country also reported its highest current account surplus in a decade, amounting to $729 million in November 2024, a notable turnaround from the $148 million deficit recorded in November 2023.<\/p>\n

Moreover, the large scale manufacturing sector output posted a meagre increase of 0.02% YoY in November, however, remained in negative territory during 4MFY25.<\/p>\n

Pakistan\u2019s power generation increased by 6% YoY in November 2024, clocking in at 8,032GWh. The government raised Rs382 billion through PIBs where cut-off yields fell by up to 55bps across tenors.<\/p>\n

Pakistan also witnessed $322 million in profit repatriation in November, taking the 5MFY25 tally to $1.13 billion, up 112% YoY. The finance minister tabled a bill which included stringent taxes and regulations for non-filers. Moreover, the government signed a $330 million loan agreement with the ADB to strengthen social protection.<\/p>\n

Foreign direct investment (FDI) for the month of November came in at $219 million (up 65% MoM and 27% YoY) and the Oil & Gas Regulatory Authority\u2019s (OGRA) proposal to the federal government to increase gas rates by up to 26% to generate about Rs847.33 billion during the current fiscal year.<\/p>\n

In 2024, Pakistan\u2019s stock market beat bonds, gold and the US dollar, according to a report from Topline Securities, largely due to economic reforms initiated by the IMF programme and a reduction in interest rates, which redirected local liquidity into equities.<\/p>\n<\/p><\/div>\n


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The Pakistan Stock Exchange (PSX) began the week on a strong note, surging over 2,000 points as political calm returned following a period of heightened agitation. The PSX’s benchmark KSE-100 Index jumped 2046.78 points or 1.87% to hit 111,594.98 points, up from the previous session’s close of 109,513.14 points, which also witnessed a sharp increase…<\/p>\n

Read More “PSX surges as political calmness prevails – SUCH TV”<\/span> »<\/a><\/p>\n","protected":false},"author":1,"featured_media":2964,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/www.suchtv.pk\/media\/k2\/items\/cache\/fb825d4b6cda59b3fcb216cac788b005_XL.jpg","fifu_image_alt":"","footnotes":""},"categories":[3],"tags":[622,621,567],"class_list":["post-2963","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-kse-100-index","tag-pakistan-stock-exchange","tag-psx"],"yoast_head":"\nPSX surges as political calmness prevails - SUCH TV - Breaking News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ventil.rs\/blog\/business\/psx-surges-as-political-calmness-prevails-such-tv\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PSX surges as political calmness prevails - SUCH TV\" \/>\n<meta property=\"og:description\" content=\"The Pakistan Stock Exchange (PSX) began the week on a strong note, surging over 2,000 points as political calm returned following a period of heightened agitation. 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