KSE 100 Index declined 1.17% on Weekly Basis

Staff Report

Karachi: KSE 100 Index declined 1.17% on a WoW basis, which can be attributed to regional geopolitical tension between India & Pakistan after an attack last week. Apart from it this week was dominated by the March quarter result announcement, which was largely lower than market expectations, which also weighed down on investor sentiment.

Other development during the outgoing week were: 1) T-Bill auction held during the week in which participation of Rs1,505bn was seen with government raising Rs562bn as against target of Rs400bn and maturity of Rs698bn; yields largely remains unchanged except for 1-month where yield decreased by 17bps to 12.149%, 2).Pakistan Stock Exchange Recovers After Bloodshed

Pakistan’s CPI for April 2025 clocked in at 0.3% compared to the last month of 0.7%. and 3) Pakistan’s trade deficit for April 2025 came in at US$3.39bn (up by 55% MoM) –  marking the highest monthly trade deficit in 3 years.

Investor participation declined during the week as average daily traded volume and value during the outgoing week stood at 424mn shares (down by 29% WoW) and PKR.27.5bn (down by 6% WoW) respectively.

KSE 100 Index rebounded on Friday after remaining under pressure for two consecutive trading sessions. KSE 100 Index settled at 114,114 level (up by 2.50%). This recovery in the market can be attributed to statements by the US Administration indicating that they are working to ensure that tensions between India and Pakistan don`t escalate into a broader regional conflict.

The top positive contributions to the index came from UBL, EFERT, HUBC, LUCK, MEBL, and HBL, as they cumulatively contributed +1,238 points to the index

Traded value-wise LUCK (Rs1.53bn), SNGP (Rs1.39bn), DGKC (Rs1.26bn), MARI (Rs1.02bn), and UBL (Rs978mn) dominated the trading activity. Traded value and volume for the day stood at 371mn shares and PKR.23.27bn respectively. SSGC was today`s volume leader with 29.3mn shares.