On Friday, the Pakistan Stock Exchange (PSX) witnessed a strong addition, in which the Benchmark’s SE -100 index reached the intra -day peak of 120,796.67 points, which marked 1,858.56 points (1.56 %) on Friday.
The stock market continued its record -breaking rally, following a reduction in investors’ confidence in the power -related project and the International Monetary Fund (IMF) program.
The lower levels recorded during the session were 119,085.73, while the market was opened on a positive note, which is pushing the rapid trend to the post -Thursday rally.
According to Ahfaz Mustafa, CEO of Ismail Iqbal Securities, government efforts to deal with circular debt and reduce electricity costs reinforced investors’ confidence. “The total market faced a new height due to a reduction in electricity prices and long -term strategies to solve circular loans.
On Thursday, Prime Minister Shahbaz Sharif’s decision to reduce electricity prices increased the positive pace of the stock market.
Reduction in tariffs – per unit per unit for homes and increases per unit per unit for industries aims to eliminate economic pressure on consumers and increase industrial competitiveness. The move had already approved the IMF’s approval, which had already approved a $ 7 billion extension fund facility (EFF) in the kilo.
In reinforcing market sentiments, the Pakistan Bureau of Statistics (PBS) inflation data revealed the rapid decline in consumer price Index (CPI) inflation.
For March 2025, inflation increased by only 0.7 percent year -on -year, which is significantly reduced by 1.5 percent in February and significantly lower than 20.7 percent in March 2024.
Arif Habib Limited (AHL) analysts noted that the lowest inflation rate has been recorded since December 1965. In February, inflation has increased by 0.9 % month to month, compared to a 0.8 percent decline.
The average CPI inflation is now 5.25 % for the first nine months of fiscal year 25 (9MFY25), which is a severe improvement in 9MFY24 by 27.06 %. This has strengthened expectations of further softening of the monetary policy by the State Bank of Pakistan (SBP).
