On 6 October, Arif Habib Ltd Sales published a report detailing the performance of the Pakistan Stock Exchange and the reasons behind the recent trading trends.
- Decline into support to start the new trading week with the KSE-100 seeing a maximum decline of -1.77% before a late recovery trimmed the DoD fall to -0.73%
- 26 shares rose while 74 fell with FFC PA (+1.02%), AICL PA (+10.0%) and HBL PA (+1.06%) contributing the most to index gains
- ENGROH PA (-2.62%), MEBL PA (-1.91%) and HUBC PA (-1.54%) were the biggest index drags
- Pakistan has recorded the fastest decline in sovereign default risk, according to Bloomberg, and now stands second globally—behind only Türkiye
- PM Sharif said Malaysia has announced a quota of USD 200 million worth of meat imports from Pakistan
- Pakistan has successfully delivered its first batch of rare earth elements and critical minerals to US Strategic Metals
- The IMF has asked Pakistan to publicly disclose USD 11bn worth of discrepancies in trade data reported by two government entities over the last two fiscal years
- Pakistan appears well-placed to secure over USD 1bn as the third tranche of the EFF, despite some slippages, as the authorities enter policy-level talks with a visiting review mission of the IMF today
- If the market remains immediately bullish, Monday lows should mark the low of the wee,k and the KSE-100 should extend to 170k for the remainder of the week
