The Pakistan Stock Exchange (PSX) has experienced a remarkable surge, recording a +9.45% Day-on-Day (DoD) gain following the recent ceasefire with India. This increase marks a significant turning point in market sentiment.

Key Market Movements: – 100 shares showed gains, while none reported losses. – Notable performers included: – FFC PA: +10.0% – UBL PA: +10.0% – ENGROH PA: +10.0% **Catalysts for Growth:** A convergence of positive factors has fueled this market resurgence: – The ceasefire between India and Pakistan stands out as a pivotal development.

President Trump’s supportive statements regarding the Kashmir issue and encouraging improved trade relations between the two nations have added momentum. – Pakistan has also secured the IMF’s approval for a USD 1 billion disbursement through the Extended Fund Facility (EFF) alongside an additional USD 1.4 billion under the Resilience and Sustainability Facility (RSF).

Outlook:

These gains have maintained KSE-100 within the 105-120k range. As it approaches the upper limits of this range, market participants will now focus on the sustainability of this upward movement.

Conclusion:

Given the current landscape and favourable developments, the PSX appears poised for continued growth, contingent upon the stability of the recent ceasefire and ongoing economic support from international financial institutions.

Courtesy – Arif Habib Ltd Sales Report