Business
Pakistan Stock Exchange Sees Uptrend as Share Prices Rise – SUCH TV
The Pakistan Stock Exchange (PSX) continued its upward momentum on Friday, supported by favourable political and economic developments.
Investor confidence improved after the National Assembly approved the 27th Constitutional Amendment, while expectations strengthened regarding the IMF’s upcoming decision to release a $1.2 billion loan tranche next month.
By the break for Friday prayers, the KSE-100 index had surged 1,011.93 points, reaching 161,669.42 points.
During the session, 459 companies were active, of which 285 advanced, 133 declined, and 9 remained unchanged.
Market analysts observed that the passage of the constitutional amendment helped ease political uncertainty, lifting investor sentiment. The anticipated IMF loan tranche further fuelled optimism in the market.
A day earlier, on Thursday, the benchmark KSE-100 witnessed a robust rally, jumping 2,473.55 points — a 1.56% increase — to close at 160,657.50 points.
Trading volumes also remained strong, with 797.17 million shares worth Rs35.12 billion traded in the ready market, compared to 757.24 million shares worth Rs33.41 billion the previous session.
Market capitalisation climbed to Rs18.29 trillion from Rs18.07 trillion.
The most actively traded stocks included Bank Makramah, with 112.16 million shares at Rs5.59, followed by Dost Steels Ltd. with 48.73 million shares at Rs8.17, and F. Nat. Equities, which recorded 40.35 million shares at Rs19.63 per share.
The top gainers were Unilever Pakistan Foods Limited, which increased by Rs546.00 to close at Rs28,999.00, and ZIL Limited, rising by Rs53.24 to close at Rs585.64.
On the other hand, the major losers were PIA Holding Company LimitedB, which declined by Rs80.91 to settle at Rs24,452.05, and Gillette Pakistan Limited, decreasing by Rs50.04 to close at Rs450.39.
Out of 324 future market companies, 263 closed higher, 56 declined, and 5 remained unchanged.
The Reserve Bank of India (RBI) on Monday decided against activating the countercyclical capital buffer (CCyB), indicating that current financial and credit conditions do not warrant an additional capital requirement for banks, PTI reported.The central bank said the decision followed a review and empirical assessment of indicators used under the CCyB framework.“Based on review and empirical analysis of CCyB indicators, it has been decided that it is not necessary to activate CCyB at this point in time,” RBI said in a statement.Under the RBI (Commercial Banks – Prudential Norms on Capital Adequacy) Directions, 2025, the CCyB framework is activated when financial conditions indicate rising systemic risks linked to excessive credit growth.The framework primarily relies on the credit-to-GDP gap as a key indicator, along with supplementary metrics.According to the RBI, the CCyB mechanism is intended to serve two broad objectives.Firstly, it requires a bank to build up a buffer of capital in good times, which may be used to maintain the flow of credit to the real sector in difficult times.Secondly, it achieves the broader macro-prudential goal of restricting the banking sector from indiscriminate lending in the periods of excess credit growth that have often been associated with the building up of system-wide risk.The framework was introduced globally after the 2008 financial crisis as part of measures proposed by the Group of Central Bank Governors and Heads of Supervision (GHOS) under the Basel framework to strengthen financial system resilience.
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“Today’s policymaking is constrained by a more volatile external environment with more frequent and overlapping shocks, a rising public interest bill, in part reflecting market concerns with countries’ elevated debt, and the long-standing challenge of weak productivity growth,” he said.
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