{"id":28533,"date":"2025-11-23T03:04:17","date_gmt":"2025-11-23T03:04:17","guid":{"rendered":"https:\/\/ipp-news.com\/?p=28533"},"modified":"2025-11-23T03:04:17","modified_gmt":"2025-11-23T03:04:17","slug":"psx-stays-range-bound-before-futures-rollover","status":"publish","type":"post","link":"https:\/\/ipp-news.com\/?p=28533","title":{"rendered":"PSX stays range bound before futures rollover"},"content":{"rendered":"
The KSE-100 index of the Pakistan Stock Exchange (PSX) inched up 168 points to close at 162,103 on Friday, supported by renewed optimism about the recovering large-scale manufacturing (LSM) sector and company-specific triggers that lifted select blue chips.<\/p>\n

On a day-on-day basis, the PSX commenced the week with a profit-taking session as the index, after swinging in both directions, ultimately settled at 161,987, down 248 points, or 0.15%.<\/p>\n

On Tuesday, the market witnessed further profit-booking, where the KSE-100 closed in the red at 160,935, lower by 752 points, or 0.47%. Bulls made a comeback on Wednesday as the bourse wrapped up the session on a positive note at 162,226, up a robust 1,291 points, or 0.80%. PSX extended gains on Thursday, with the KSE-100 ending the day at 162,937, translating into a rise of 711 points, or 0.44%. As expected, the market closed the week by slipping into the red on Friday, falling 834 points, or 0.51%, at 162,103 ahead of the rollover week.<\/p>\n

Arif Habib Limited (AHL), in its weekly report, noted that the KSE-100 index rose 168 points to close at 162,103, buoyed by a recovering LSM sector and positive sector-specific catalysts. Fauji Fertiliser Company (FFC) led gains following its inclusion in the KMI-30, Pakistan Petroleum Limited (PPL) attracted interest from new offshore activities and Pioneer Cement rallied amid potential merger and acquisition-related developments, it said. During the week, Pakistan recorded a $3.28 billion trade deficit in October 2025. Cumulatively, the 4MFY26 trade deficit widened 38.9% year-on-year (YoY) to $12.6 billion. The LSM output grew 2.7% YoY in September 2025, with a 2% uptick month-on-month (MoM).<\/p>\n

Technology exports reached a record $386 million in Oct’25, up 17% YoY (5% MoM). Tech exports now account for 47% of total services exports, marking their highest-ever monthly level, AHL said.<\/p>\n

The Real Effective Exchange Rate (REER) rose to 103.95 in Oct’25, up 2.18% MoM and 6.04% in FY26 to date. Net foreign direct investment (FDI) was $179 million in Oct’25, with 4MFY26 FDI down 26% YoY to $748 million. Auto financing rose 33.7% YoY to Rs315 billion in Oct’25, up 3.5% MoM.<\/p>\n

Crude oil imports rose 28.5% YoY to 691,479 tons in Oct’25, while petroleum product imports increased 30.6% YoY. Liquefied natural gas (LNG) imports fell 11% YoY and furnace oil exports surged to 214k tons. Power generation fell 3.7% YoY to 9,886 gigawatt hours (GWh) in Oct’25, with 4MFY26 production stable at 50,819 GWh, while costs dropped 6% YoY to Rs8.51 per kilowatt hour, supported by lower Brent crude.<\/p>\n

Banking deposits rose 13% YoY to Rs35.2 trillion in Oct’25, while advances fell 3.6% YoY to Rs13.3 trillion. The advance-to-deposit ratio stood at 37.8% (-650 basis points YoY) and the investment-to-deposit ratio at 104% (+1,098 basis points).<\/p>\n

Profit and dividend repatriation in Oct’25 totalled $385.6 million, down 6.8% YoY but up 142.6% MoM, while 4MFY26 repatriation rose 39% YoY to $1,137.3 million, AHL added.<\/p>\n

Wadee Zaman of JS Global noted that the KSE-100 exhibited largely sideways movement during the outgoing week, closing flat at 162,103 points. The average daily turnover was up 37% week-on-week.<\/p>\n

On the macro front, Zaman said, Pakistan recorded a current account deficit of $112 million in Oct’25, taking the cumulative 4MFY26 deficit to $733 million. This deterioration was primarily driven by a widening trade deficit, which surged 39% YoY to $12.7 billion during 4MFY26.<\/p>\n

In other news, Pakistan’s dollar bond rallied 24.5% this year, featuring among the top-performing bonds in the region. The government also plans to raise funds through dollar bonds next year, after a hiatus of nearly five years. In another development, Pakistan met a condition of the International Monetary Fund (IMF) as the Ministry of Finance released the Governance and Corruption Diagnostics Report ahead of the IMF executive board meeting for approval of a $1.2 billion tranche.<\/p>\n

The LSM sector continued to show signs of recovery, with output rising 2.69% YoY in Sept’25, taking cumulative growth for 1QFY26 to 4.08%, Zaman added.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

The KSE-100 index of the Pakistan Stock Exchange (PSX) inched up 168 points to close at 162,103 on Friday, supported by renewed optimism about the recovering large-scale manufacturing (LSM) sector and company-specific triggers that lifted select blue chips. On a day-on-day basis, the PSX commenced the week with a profit-taking session as the index, after […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-28533","post","type-post","status-publish","format-standard","hentry","category-english-news"],"_links":{"self":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/28533","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=28533"}],"version-history":[{"count":0,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/28533\/revisions"}],"wp:attachment":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=28533"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=28533"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=28533"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}