• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
Trending:
  • Kashmir
  • Elections
Tuesday, July 8, 2025

Daily Times

Your right to know

  • HOME
  • Latest
  • Iran-Israel Tensions
  • Pakistan
    • Balochistan
    • Gilgit Baltistan
    • Khyber Pakhtunkhwa
    • Punjab
    • Sindh
  • World
  • Editorials & Opinions
    • Editorials
    • Op-Eds
    • Commentary / Insight
    • Perspectives
    • Cartoons
    • Letters to the Editor
    • Featured
    • Blogs
      • Pakistan
      • World
      • Ramblings
      • Lifestyle
      • Culture
      • Sports
  • Business
  • Sports
  • Lifestyle
  • E-PAPER
    • Lahore
    • Islamabad
    • Karachi

PSX expected to remain upbeat this week

PSX witnesses bullish trend, close at 48,726 pointsThe Pakistan Stock Exchange (PSX) is likely to carry forward the positive momentum gained during the past two sessions in the week starting today (Monday) due to $2.77 billion receivable from International Monetary Fund (IMF), reduced geopolitical uncertainty, falling global commodity prices, ease in the coronavirus cases, and the ongoing results season.

According to analysts, a decline in infection ratio of the novel coronavirus in Pakistan and slowdown in global oil prices would release pressure from the external account. “Going forward, we expect the market activities to remain upbeat, owing to the reduced geopolitical uncertainty; therefore, we recommend our investors to take exposure in cements, steel, and auto sectors,” a report issued by Pearl Securities noted.

During the last week, the benchmark KSE-100 Index gained 429.98 points (+0.91 percent) to close at 47,599.82 points, while the KSE-30 Index gained 247.79 points (+1.3 percent) to close at 19,103.04 points.

The benchmark KSE-100 Index is currently trading at a PER of 6.7x (2021) compared to Asia Pacific regional average of 16.1x while offering a dividend yield of 6.6 percent versus 2.4 percent offered by the region.

Investors’ participation remained dull, as average daily traded volume declined 13 percent to 266 million shares per day, while the value of traded securities averaged at $70 million per day. Foreign funds and investors offloaded stocks worth $10.82 million during the last week, compared with net buying of $3.95 million in the corresponding week. On the local front, buying was reported by companies ($7.78 million) followed by mutual funds ($5.87 million). Cement companies in the south region increased prices by Rs25/bag effective from Friday last, which led to a rally in the sector on the last trading day of the week where several cement scrips closed at their upper circuits.

“The trading activity picked pace on the back of peaceful Taliban takeover of Kabul, decline in international commodity prices, reopening of borders with Afghanistan, and slowdown in Covid-19 infection ratio, resulting in a drastic jump in the trading activity,” some other analysts said. Contribution to the upside was led by i) cement (151 points), ii) commercial banks (86 points), iii) power generation and distribution (72 points), iv) oil and gas marketing companies (65 points), and v) fertiliser (41 points).

According to experts, regional geopolitics had an influence on the market earlier in the week after Afghan President Ashraf Ghani flew out of the country paving way for the Taliban to take control 20 years after a US-led military invasion ousted them. However, the market was quick to more than recuperate the losses, they said.

On the economic front, large-scale manufacturing (LSM) grew 18.42 percent during June 2021, taking FY21 LSM growth to 14.85 percent. This remarkable rise in LSM during the fiscal year was expected given slowed industrial activity during FY20, amid strict lockdowns during the first wave of the Covid-19.

Moreover, the latest data showed that the country received only $90 million as foreign direct investment (FDI) during July as against an inflow of $129 million during the same period last year.

Filed Under: Business

Submit a Comment




Primary Sidebar




Latest News

Govt sets bold target to slash port clearance delays by 70%

South Africa pushes back against Trump’s 30% tariff, calls for fair trade talks

Rare white tiger and lion cub rescued in Faisalabad wildlife raid

Sindh greenlights Rs10.56 billion interest-free loan for DHA water supply

Babar, Rizwan, Shaheen among top players called for white-ball camp in Karachi

Pakistan

Rare white tiger and lion cub rescued in Faisalabad wildlife raid

Sindh greenlights Rs10.56 billion interest-free loan for DHA water supply

Turkey’s foreign and defense chiefs set for key talks with Pakistan

IHC gets new chief justice as Sarfraz Dogar takes oath

Court approves 10-day remand of Dr Mahrang Baloch and BYC activists

More Posts from this Category

Business

Gold prices surge by Rs1,500 per tola in Pakistan

Experts say Pakistan’s EV growth needs time and strong policies

Pakistan to import half a million tons of sugar amid price surge

PSPC-NPSC merger finalized: A new era in secure printing begins

SBP not to repeat past mistakes of accelerating demand, economic growth

More Posts from this Category

World

South Africa pushes back against Trump’s 30% tariff, calls for fair trade talks

China welcomes tourists with expanded visa-free entry for 74 countries

Fake ‘Marco Rubio’ uses AI to deceive world leaders and US officials

More Posts from this Category




punjab

Footer

Home
Lead Stories
Latest News
Editor’s Picks

Culture
Life & Style
Featured
Videos

Editorials
OP-EDS
Commentary
Advertise

Cartoons
Letters
Blogs
Privacy Policy

Contact
Company’s Financials
Investor Information
Terms & Conditions

Facebook
Twitter
Instagram
Youtube

© 2025 Daily Times. All rights reserved.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.OkPrivacy policy