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Market Pulse: KSE 100 Gainers, Losers, and Volume Highlights

Daily Roundup - The benchmark index ended on a high note The benchmark index ended on a high note, reaching an all time high after starting the day by surpassing the 100,000 mark. Investors displayed optimism amid political stability and yesterday's T-bill auction, where yields dropped by up to 85 bps, reflecting expectations of a lower interest rate environment in the future. Trading volumes increased to 556mn shares today as compared to 496mn shares in the previous session. Today, the KSE-100 index gained 814 points to close at 100,083 level, up by 0.82% DoD. Oil & Gas Exploration Companies, Cement, and Technology & Communication sectors were the major contributors in today's session, cumulatively adding 838 points to the index.

Morning News – We expect the market to remain volatile today We expect the market to remain volatile today due to the ongoing rollover week. On the economic front, the government on Wednesday announced that it had retired about Rs1.9 trillion debt while taking advantage of the unprecedented surge in revenues from petroleum development levy (PDL) and the State Bank of Pakistan’s (SBP) profits driven by the highest interest rate and projected further decline in inflation. Additionally, the government managed to raise Rs616 billion through the auction of the Market Treasury bills on Wednesday, falling short of the Rs800 billion target. The yields on the notes dropped to their lowest levels since March 2022. Top Stories • Budgeted $9bn time deposits: EAD says country gets no amount in Jul-Oct FY25  • MTBs cut-off yields sink to 2022 lows  • Pakistan inflation to ease further in November 2024, says Ministry of Finance  • Sustained recovery expected  • Political stability must for economic revival, say leaders  • US top importer of Pakistani goods | The United States remains • Bank lending to private sector jumps by record Rs931bn in October  • PPL boosts domestic hydrocarbon output

Market Pulse: KSE 100 Gainers, Losers, and Volume Highlights

Daily Roundup - The benchmark index closed at an all-time high The benchmark index closed at an all-time high, marking a record daily gain following yesterday's sharpest-ever daily decline. The index opened the day over 2,500 points higher, driven by political clarity and recovery from the previous day's panic selling. Trading volumes decreased to 496mn shares today as compared to 518mn shares in the previous session. Today, the KSE-100 index gained 4,695 points to close at 99,269 level, up by 4.96% DoD. Commercial Banks, Fertilizer, and Oil & Gas Exploration Companies sectors were the major contributors in today's session, cumulatively adding 2763 points to the index

Morning News – Market is expected to continue the selling pressure today Market is expected to continue the selling pressure today, driven by political uncertainty and the ongoing rollover week. On the economic front, The IMF bailout package has not yet instilled confidence among Pakistan's foreign creditors, which disbursed only $2.7 billion in loans during the first four months of the current fiscal year, down by more than half, show official statistics. Moreover, Pakistan and Belarus have strengthened their bilateral ties by signing 15 significant agreements and memorandums of understanding on Tuesday. Top Stories • IMF deal yet to boost foreign loans • 15 agreements, MoUs inked between Pakistan, Belarus  • Govt tells World Bank: Agri tax legislation to be completed in next Jan  • Policy highlighted to enhance tax revenue  • Foreign investors: Jul-Oct profit repatriation soars 66pc to $807.2m YoY  • Jul-Oct: $1.723bn borrowed from multiple sources  • ‘Winter package’ to be made available to KE consumers as well: govt  • Oct FCA: CPPA-G hints at refunding Rs2.6bn to consumers  • Sindh asks Centre to reverse CCI decision on sale of 35pc gas • Banks start scrapping monthly fee on large deposits • SBP eliminates minimum profit rate requirement for corporates • Kapco submits lowest bid for KE’s 120MW solar project • PTI claims govt planned violence, suspends 'peaceful' protest

At the end of the trading session, PKR depreciated by 0.03% DoD against the greenback to settle at 277.84 whereas, it has appreciated by 1.45% CYTD and appreciated by 0.18% FYTD.

Daily Roundup - The benchmark index recorded its highest ever negative closing today The benchmark index recorded its highest ever negative closing today. While the day began positively for some banks, benefiting from the non applicability of MDR starting the new year, the index swung over 5,600 points. This sharp movement was driven by profit taking, the onset of the rollover week, and political uncertainty in the country. Trading volumes increased to 518mn shares today as compared to 281mn shares in the previous session. Today, the KSE-100 index lost 3,506 points to close at 94,574 level, down by -3.57% DoD. Oil & Gas Exploration Companies, Fertilizer, and Cement sectors were the major laggards in today's session, cumulatively shedding 1798 points from the index.

Morning News – We expect the market to witness selling pressure owing   We expect the market to witness selling pressure owing to the political noise and continued foreign selling. Additionally, technical indicators suggest that the benchmark index is in overbought territory. On the economic front, FBR is facing an uphill task for meeting tax collection target of Rs1,003 billion for November 2024 without taking additional taxation measures or mini-budget. Sources told Business Recorder that the tax collection stood at over Rs550 billion till November 25, 2024, against the assigned target of Rs1,003 billion during the current month. Moreover, the Executive Committee of the National Economic Council on Monday approved ten projects costing 172.7 billion rupees, Radio Pakistan reported. Top Stories • Oil falls on potential deal to end Israel-Hezbollah conflict • Pakistan, Belarus sign 8 MoUs to boost trade, cooperation  • ECNEC approves development projects worth over Rs172 billion  • PTI protests causing daily loss of Rs190bn, says Aurangzeb  • Work under way for direct air link to Moscow, Minsk: Aleem  • Adviser says cut in policy rate helped govt save Rs1.3trn  • Nov revenue collection target: FBR may go for ‘additional measures’  • Body formed for Reko Diq deal  • EVs to erode $5.68bn in road transport revenues: ADB  • Gold prices plunge in Pakistan and global markets  • NetSol Technologies announces buyback of shares