Karachi:
The Pakistan Stock Exchange fell higher, recovering some ground after a quiet start until the previous day. The market for banking and cement stocks provided the upward boost, helping the index remain in positive territory, although the losses in the field of fertilizers and energy disadvantage carried some of the profits on Tuesday.
The reference index traded in a narrow zone, hitting a low of 157.416.54 and a high 158.831.22, before it was installed at 157.945.03 with a profit of 390.36 points or 0.25%.
Market volumes were recorded in 1.52 billion shares, reflecting the active involvement of investors. The overall feeling remained positive, as the reference index continued to hover near the sign 158,000, a psychological level that has recently acted as resistance and support.
In key corporate news, the Oil and Gas Development Company (OGDC) has announced its financial results for FY25. The company reported a 19% decrease on an annual basis (annual basis), publishing a net profit of 169.9 billion Rs with EPS per share (EPS) RS39.50, below RS208.9 billion (EPS of RS48.59) last year.
The fall was largely attributed to the weaker international oil prices and reduced production volumes, both of which weighed revenue despite cost management efforts.
Ktrade Securities reported the market market that the PSX attended another volatile session on Tuesday mainly due to the pressure of overturning future fulfillment and speculation. The KSE-100 reference index eventually increased by 390 points (+0.25%) to close to 157,945 points.
The basic stocks that contribute to the index profits included United Bank, Bestway Cement, Bank Al Habib, Mari’s actions and Pakistan oil, while Lucky Cement, Meezan Bank and Habib Bank led the disadvantage.
Despite short -term unification pressures from overturning activity, the PSX continued to show durability, supported by investor confidence in the country’s long -term financial prospects and improving corporate profit, Ktrade added.
Arif Habib Limited (AHL) noted that the profits on Tuesday raised KSE-100 by 0.25%, which continues to market around 158K. About 48 shares increased, while 51 decreased with United Bank (+2.27%), Bestway cement (+10%) and Al Habib Bank (+1.65%), contributing the most to index profits.
On the other hand, Lucky Cement (-1.28%), Meezan Bank (-0.75%) and Habib Bank (-0.91%) weighed the index. OGDC announced the FY25 EPS of RS39.50, -19% on a yearly basis. Along with the result, it announced the 4QFY25 share per share (DPS) of RS5.00, receiving the DPS all year at the highest levels of RS15.05, he said.
Meanwhile, the Pakistani government is expected to sign a “funding agreement” to help reduce its debt in the energy sector, according to an invitation by the Central Market Service.
Big banks such as Habib Bank, Meezan Bank, United Bank, MCB Bank and Bank Alfalah are among the 18 lenders invited to the signature ceremony. The government is expected to increase Rs1.25 trillion to RS1.75 trillion to pay part of the debt. Continuing to keep 157K keeps the risk of a disadvantage in the vagina with resistance to 159.3k, Ahl wrote.
Total trading volumes decreased to 1.52 billion shares compared to a Monday count of 1.67 billion. The value of the shares traded was 58.7 billion Rs. K-Electric continued to drive the volume chart with a trading to 446.7 million shares, increasing by RS0.20 to close to Rs6.31
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