PSX\u2019s benchmark KSE-100 Index closed at 146,491.63 points after losing 37.67 points or 0.03%
\nIslamabad
\nThe Pakistan Stock Exchange (PSX) closed flat on Friday as profit-taking wiped out earlier gains.
\nPSX\u2019s benchmark KSE-100 Index closed at 146,491.63 points after losing 37.67 points or 0.03%, down from the previous close of 146,529.30 points.
\nHowever, the PSX registered +0.76% week-on-week increase. Topline Securities said attributed the weekly rise largely to the account of buying by mutual funds. \u201cHowever, decline in positive stride was observed during the week.\u201d
\nTop positive contribution to the index came from EFERT, LUCK, ENGROH, MEBL & AIRLINK, as they cumulatively contributed +512 points, on the other hand OGDC, UBL, PPL, HUBC and MARI lost value to weigh down on the index by -499 points.
\n\u201cIt\u2019s a range bound activity nowadays led by mutual funds\u2019 liquidity and earnings seasons. Moody\u2019s credit rating is already incorporated,\u201d said AAH Soomro, an independent investment and economic analyst.
\nMoody\u2019s upgraded Pakistan\u2019s credit rating from Caa2 to Caa1, citing an improved external position and progress on reforms under the IMF (International Monetary Fund) Extended Fund Facility (EFF) programme.
\nThe agency noted that foreign exchange reserves are likely to continue improving, though dependent on timely financing from official partners, while fiscal strengthening is supported by a broader tax base. However, it cautioned that debt affordability remains among the weakest globally, with governance and political uncertainty still high.
\nThis marks the third upgrade in four months, following similar moves by S&P Global Ratings and Fitch Ratings, underpinned by Prime Minister Shehbaz Sharif\u2019s government\u2019s commitment to fiscal consolidation and reforms.
\nOn the performance front, Pakistan secured the top global spot for equity returns in USD over FY24\u2013FY25 combined, Bloomberg data showed. In FY25 alone, Pakistan ranked eighth globally but outperformed regional peers, returning far more than India\u2019s BSE Sensex (+3.2%), China (+14.8%) and India\u2019s broader market (+6%), according to AHL data.
\nThe State Bank of Pakistan\u2019s (SBP) latest Monetary Policy Report (MPR) projected GDP growth at 3.25\u20134.25% in FY26 and a current account deficit between zero and 1.0% of GDP.
\nWith the policy rate maintained at 11% in June and July, the SBP expects the real policy rate to remain positive to stabilise inflation within target. Reserves are forecast to reach $15.5 billion by end-December 2025, supported by projected financial inflows and continued SBP FX purchases.PSX ends flat as profit-taking erases early gains
\nPSX\u2019s benchmark KSE-100 Index closed at 146,491.63 points after losing 37.67 points or 0.03%
\nNews Agency
\nIslamabad
\nThe Pakistan Stock Exchange (PSX) closed flat on Friday as profit-taking wiped out earlier gains.
\nPSX\u2019s benchmark KSE-100 Index closed at 146,491.63 points after losing 37.67 points or 0.03%, down from the previous close of 146,529.30 points.
\nHowever, the PSX registered +0.76% week-on-week increase. Topline Securities said attributed the weekly rise largely to the account of buying by mutual funds. \u201cHowever, decline in positive stride was observed during the week.\u201d
\nTop positive contribution to the index came from EFERT, LUCK, ENGROH, MEBL & AIRLINK, as they cumulatively contributed +512 points, on the other hand OGDC, UBL, PPL, HUBC and MARI lost value to weigh down on the index by -499 points.
\n\u201cIt\u2019s a range bound activity nowadays led by mutual funds\u2019 liquidity and earnings seasons. Moody\u2019s credit rating is already incorporated,\u201d said AAH Soomro, an independent investment and economic analyst.
\nMoody\u2019s upgraded Pakistan\u2019s credit rating from Caa2 to Caa1, citing an improved external position and progress on reforms under the IMF (International Monetary Fund) Extended Fund Facility (EFF) programme.
\nThe agency noted that foreign exchange reserves are likely to continue improving, though dependent on timely financing from official partners, while fiscal strengthening is supported by a broader tax base. However, it cautioned that debt affordability remains among the weakest globally, with governance and political uncertainty still high.
\nThis marks the third upgrade in four months, following similar moves by S&P Global Ratings and Fitch Ratings, underpinned by Prime Minister Shehbaz Sharif\u2019s government\u2019s commitment to fiscal consolidation and reforms.
\nOn the performance front, Pakistan secured the top global spot for equity returns in USD over FY24\u2013FY25 combined, Bloomberg data showed. In FY25 alone, Pakistan ranked eighth globally but outperformed regional peers, returning far more than India\u2019s BSE Sensex (+3.2%), China (+14.8%) and India\u2019s broader market (+6%), according to AHL data.
\nThe State Bank of Pakistan\u2019s (SBP) latest Monetary Policy Report (MPR) projected GDP growth at 3.25\u20134.25% in FY26 and a current account deficit between zero and 1.0% of GDP.
\nWith the policy rate maintained at 11% in June and July, the SBP expects the real policy rate to remain positive to stabilise inflation within target. Reserves are forecast to reach $15.5 billion by end-December 2025, supported by projected financial inflows and continued SBP FX purchases.<\/p>\n","protected":false},"excerpt":{"rendered":"
PSX\u2019s benchmark KSE-100 Index closed at 146,491.63 points after losing 37.67 points or 0.03% Islamabad The Pakistan Stock Exchange (PSX) closed flat on Friday as profit-taking wiped out earlier gains. PSX\u2019s benchmark KSE-100 Index closed at 146,491.63 points after losing 37.67 points or 0.03%, down from the previous close of 146,529.30 points. However, the PSX …<\/p>\n","protected":false},"author":4,"featured_media":85463,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-85462","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/85462","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/comments?post=85462"}],"version-history":[{"count":1,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/85462\/revisions"}],"predecessor-version":[{"id":85464,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/85462\/revisions\/85464"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/media\/85463"}],"wp:attachment":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/media?parent=85462"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/categories?post=85462"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/tags?post=85462"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}