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PSX Surges Over 1,000 Points Amid Positive Market Sentiment
The KSE-100 index climbed 1,055 points, marking a strong recovery after weeks of institutional selling. Positive corporate results and news of the first IPO of 2025 by Zarea Limited have boosted market sentiments.
ND
by News Desk
2025-02-10
PSX Surges Over 1,000 Points Amid Positive Market Sentiment

Karachi: The Pakistan Stock Exchange (PSX) witnessed a bullish rally on Monday as the benchmark KSE-100 index soared by 1,055.03 points (0.96%) to close at 111,377.96 points.

The recovery follows weeks of persistent institutional selling that had pressured the market.

Positive Corporate Results and IPO News
Mohammed Sohail, CEO of Topline Securities, attributed the bullish momentum to "better-than-expected corporate results." He also highlighted the announcement of the first IPO of 2025 by Zarea Limited, which plans to raise Rs1 billion, as a key factor in boosting investor confidence.

Recent Market Pressures
Last week, the market faced a downturn amid concerns over tax revenue shortfalls and delays in debt rollovers. Investor anxiety heightened ahead of the International Monetary Fund’s (IMF) review later this month, crucial for the release of the second tranche under the $7bn Extended Fund Facility.

Economic Indicators

  • Inflation: Dropped to a 101-month low of 2.4% YoY in January.
  • Trade Deficit: Widened by 18% to $2.3bn in January.
  • Petroleum Sales: Increased by 8% MoM to 1.38m tonnes.
  • Cement Despatches: Grew by 14% to 3.89m tonnes.
  • Urea and DAP Sales: Declined by 27% and 6% YoY, respectively.
  • SBP Reserves: Rose by $46m to $11.4bn.

The government remains optimistic about a positive outcome from the IMF review, which would help stabilize Pakistan's economic outlook.
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