The Equity Market opened the week on a positive note and expanded last week’s record position Momentum in the middle of sustained investor interest in upcoming business earnings and fiscal developments.
Pakistan Stock Exchange’s (PSX) Benchmark KSE-100 index climbed up to an intraday height of 142,174.23 and got 1,139.25 points or 0.81%while affecting a low of 141,607.00, reflecting an increase of 572.02 points, or 0.41%, from the previous vulnerable of 141.034.98.
“Shares acting on new all the time [high] In the midst of speculation ahead of major earnings messages due to this week. “Said Ahsan Mhanti, CEO and CEO of Arif Habib Commodities.
“Strong financial results, rupee stability and thin inflation data played catalyst role in Bullish activity at PSX,” he added.
On Friday, the KSE-100 index had decided on 141,034.98 points, up 1,644.56 points or 1.18%from the previous end of 139,390.42. The index had affected a high of 141,160.93 and a low level of 138,957.70 during the session. Bourse ended the week at a constant closed high and recorded a cumulative gain of 1,828 points or 1.31%a week.
Analysts expect the upward trend to continue, strengthened by expectations of coming business earnings and developments in the solution of the circular debt question.
While the Monetary Policy Committee (MPC) had the most important interest rate of 11%, defying the expectations of a 50 to 100 base point cutting, the decision came in the midst of inflation’s concerns. Heading inflation rose to 4.1% year to year in July, up from 3.2% in June, driven by a fading basic effect and pressed on the cost side.
The sensitive price index (SPI) recorded a decrease of 0.9% year by year in July compared to a fall of 1.9% in June and an increase of 15.7% in July 2024. In a month-to-month basis, SPI increased 3.1% in July 2025.
At the currency front, Rupien appreciated in the second week in a row and closed at RS282.72 per year. US dollar, an increase of 0.26% from the previous week. The winnings were supported by enforcement measures against the black market, reportedly after meetings between exchange dealers and intelligence officials.
The government reported on positive fiscal performance in which the Federal Board of Revenue (FBR) exceeded its revenue target on July with RS7 billion and raised RS755 billion. Meanwhile, Rupien valued 0.26% week to the week to close on RS282.72 per week. US dollar, supported by continued crashes in the informal currency market.
However, the State Bank of Pakistan (SBP) reported a $ 153 million decrease in its currency reserves, now standing at $ 14.3 billion from July 25. The reversing of RS7.41 per Electricity Tariff relief introduced earlier this year has added additional inflation pressure on the cost.
