Wednesday, July 16 2025

PSX slips as strike worries prompt sell-off
The Pakis­tan Stock Exchange (PSX) came under pressure on Tuesday, with the benchmark KSE-100 index snapping its upward streak as investors opted for profit-taking amid mounting concerns over sweeping taxation measures and a nationwide strike call by trade and industry on July 19. The session opened on a positive note, driven by continued bullish sentiment from the previous day, as heavyweight banking stocks led early gains. According to Topline Securities Ltd, the index surged to an intraday high of 1,245 points before sentiment turned sour in the second half. Selling pressure intensified as investors sought to lock in gains, triggering a broad-based sell-off. The index swung sharply during the session, touching an intraday low of 676 points before settling at 135,939.87 — down by 562.67 points or 0.41pc. The day’s movement reflected a tug-of-war between optimism and caution.
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Tuesday, July 15 2025

PSX continues positive trajectory to cross 136,000 points barrier
The Pakistan Stock Exchange (PSX) witnessed a positive trajectory on Monday, crossing the 136,000 barrier due to increased investor sentiment and improved economic outlook. The benchmark KSE 100 index surged by 2202.77 points, or up by 1.64 per cent, to close at 136,502.53 points. The stock market reached its highest intraday level of 136,841.49 points around 3:28pm. Prime Minister Shehbaz Sharif expressed satisfaction as the stock market surged to cross the all-time high level. According to a statement from the Prime Minister’s Office, he said the “significant achievement by the PSX is a clear reflection of the business community’s growing confidence in Pakistan’s economy”.
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PSX rises past 136,000 to new all-time high
Continuing its remarkable rally, the Pakistan Stock Exchange (PSX) touched another all-time high on Monday as it surged past 136,000 points over encouraging economic developments and robust interest from mutual funds and institutional investors. The benchmark KSE-100 index added another 2,202.77 points, or 1.64%, to settle at 136,502.54 at the close of trading. Since the commencement of the session, the market began its gradual ascent and didn’t look back, reaching the intra-day high at 136,841 just before the end of the day’s proceedings. According to Topline Securities, the KSE-100 index surged to intra-day high of 2,542 points before closing at a new all-time peak of 136,503, registering a remarkable gain of 2,203 points, or 1.64%. “The rally was fuelled by strong participation from local mutual funds and institutional investors,” it said in a report.
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Monday, July 14 2025

PSX extends rally, settles above 134,000
The Pakis­tan Stock Exchange extended its bullish momentum on Friday, with the benchmark KSE-100 index breaching yet another milestone to close at a record 134,300 — up 517 points or 0.39pc — on the back of broad-based buying and strong earnings announcements. Topline Securities attributed the gains to consistent inflows from mutual funds, as investors continue to shift from fixed-income to equity funds. Data from the National Clearing Company of Pakistan Ltd confirmed the trend. Major positive contributions came from United Bank Ltd, Hub Power, Millat Tractors, Kohinoor Textile Mills, and Pakistan State Oil, which collectively added 430 points to the index. Ali Najib, Deputy Head of Trading at Arif Habib Ltd, said the index traded both ways during the session but ended on a strong note, supported by healthy macroeconomic indicators and upbeat corporate earnings.
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PTCL’s financial woes deepen
Despite generating higher revenues, Pakistan Telecommunication Company Ltd (PTCL) — the only state-owned enterprise (SOE) managed by the private sector — continues to incur losses, raising concerns over its financial health and future strategy. According to the biannual performance report (July-December FY25) released by the Central Monitoring Unit (CMU) of the Ministry of Finance, PTCL posted a loss of Rs7.2 billion during the period, pushing its accumulated losses to Rs43.6bn. The report also noted that PTCL has moved up the ranking of loss-making SOEs, rising from 10th position in the first half of FY24 to 7th place in the current fiscal year. The finance ministry cautioned that the proposed acquisition of Telenor Pakistan by PTCL, if not carefully managed, could further destabilise the Group’s finances. The ministry warned the move may hinder PTCL’s digital transformation goals and limit its ability to invest in core growth areas over the coming years.
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