{"id":30256,"date":"2025-12-05T15:04:14","date_gmt":"2025-12-05T15:04:14","guid":{"rendered":"https:\/\/ipp-news.com\/?p=30256"},"modified":"2025-12-05T15:04:14","modified_gmt":"2025-12-05T15:04:14","slug":"psx-crosses-167000-level-on-3b-saudi-deposit-extension","status":"publish","type":"post","link":"https:\/\/ipp-news.com\/?p=30256","title":{"rendered":"PSX crosses 167,000 level on $3b Saudi deposit extension"},"content":{"rendered":"<div>The Pakistan Stock Exchange remained in consolidation mode as the benchmark KSE-100 Index closed just above the 167,000 level, buoyed by improved external support and easing political uncertainty.<\/p>\n<p>At the end of the trading day, the KSE-100 Index closed at 167,086 points, posting a gain of 802 points or 0.48%.<\/p>\n<p>&#8220;Throughout the day, the benchmark largely remained in positive territory, supported by key developments,&#8221; said Ali Najib, Deputy Head of Trading at Arif Habib Ltd. Saudi Arabia extended its $3 billion deposit with Pakistan for another year, providing much-needed external sector comfort.<\/p>\n<p>Additionally, the president&#8217;s assent to the summary for the appointment of the Chief of Defence Staff helped ease uncertainty on this front.<\/p>\n<p>On the corporate front, Service Industries announced that its subsidiary, Service Long March Tyres (SLM), has decided to raise capital through an initial public offering and pursue listing on the PSX.<\/p>\n<p>Among major movers, FFC, PPL, OGDC, UBL and SYS collectively contributed 551 points to the index, while MCB, PIOC, FABL, NBP and BOP jointly shaved off 138 points.<\/p>\n<p>Market activity remained moderate, with 685.9 million shares traded and a total turnover of Rs 41.6 billion. TELE topped the volume chart with 58 million shares.<\/p>\n<p>PSX gains 408 points in a week<\/p>\n<p>PSX wrapped up the week on a flattish note, recording a gain of 408 points or 0.26%. The KSE-100 Index opened at 167,229, touched a weekly high of 169,289, and posted a low of 165,886 during the week. The benchmark eventually settled at 167,086, reflecting a period of consolidation with limited directional movement.<\/p>\n<p>Going forward, the market is expected to make an attempt at a new all-time high, with the energy sector likely to lead the rally.<\/p>\n<p>The expectation is driven by market sentiment surrounding a potential circular debt disbursement anticipated in the coming week, which could fuel fresh buying interest in key E&amp;P and power sector stocks.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Pakistan Stock Exchange remained in consolidation mode as the benchmark KSE-100 Index closed just above the 167,000 level, buoyed by improved external support and easing political uncertainty. At the end of the trading day, the KSE-100 Index closed at 167,086 points, posting a gain of 802 points or 0.48%. &#8220;Throughout the day, the benchmark [&hellip;]<\/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-30256","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\/30256","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=30256"}],"version-history":[{"count":0,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/30256\/revisions"}],"wp:attachment":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=30256"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=30256"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=30256"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}