Business
Share prices rebound strongly at PSX – SUCH TV
The Pakistan Stock Exchange (PSX) witnessed a significant surge in share prices on Friday, a day after it witnessed a bloodbath due to geopolitical tensions.
Till Juma prayers break, the PSX’s benchmark KSE-100 index gained 2,613 points, reaching 184,951.80 points or 1.41 percent.
Out of 564 active companies in the ready market, 320 advanced,136 declined, while 108 remained unchanged.
The positive momentum comes as regional tensions eased after US President Donald Trump said he hoped to avoid military action against Iran, which has threatened to strike American bases and aircraft carriers in response to any attack.
Trump said he is speaking with Iran and left open the possibility of avoiding a military operation after earlier warning that time was “running out” for Tehran as the United States sends a large naval fleet to the region.
When asked if he would have talks with Iran, Trump told reporters: “I have had, and I am planning on it.”
On Thursday, KSE-100 Index had witnessed bearish trend and closed sharply lower, shedding 6,042.27 points, a decline of 3.21 percent, to close at 182,338.12 points.
During the session, the ready market recorded a trading volume of 933.099 million shares with a traded value of Rs 66.413 billion, against 953.917 million shares valuing Rs 48.878 billion in the previous session.
Market capitalization declined to Rs 20.618 trillion from Rs 21.186 trillion a day earlier.
K-Electric Limited topped the volume chart with 104.157 million shares, followed by WorldCall Telecom with 48.363 million shares and Bank of Punjab with 31.347 million shares.
The top gainers included Gillette Pakistan Limited, which rose by Rs 49.52 to close at Rs 544.76, and Blessed Textiles Limited, which gained Rs 46.09 to settle at Rs 506.96.
On the losing side, PIA Holding Company Limited (B) declined by Rs 539.87 to close at Rs 20,039.25, while Unilever Pakistan Foods Limited fell by Rs 435.17 to close at Rs 27,345.83.
30.234 billion, compared to 598.304 million shares worth Rs 37.778 billion in the previous session.
Out of 318 futures-market companies, 21 recorded gains, while 297 declined.
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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