PSX Strongly Rebounds

The Pakistan Stock Exchange (PSX) reacted positively to the conclusion of the IMF staff-level agreement and has now recovered a substantial part of the losses sustained on Monday. Today, out of the 1,139-point gain in the KSE-100 Index, around 800 points were contributed by UBL, OGDC, PPL, and Meezan Bank.

IMF Pakistan Staff Level Agreement

The IMF has reached a staff-level agreement with Pakistan for the first review of its 37-month Extended Fund Facility (EFF) and a new 28-month Resilience and Sustainability Facility (RSF), granting a total of $1.3 billion. The agreement, following discussions in February–March 2025 in Karachi and Islamabad, is subject to IMF Executive Board approval. If approved, Pakistan will receive $1 billion under the EFF, increasing total disbursements to $2 billion.

Packages Ltd (PSX: PKGS) Reports Financial Results for Year Ending December 2024. The company announced a profit after tax of Rs. 1,912 million (Earnings Per Share of Rs. 20.7), representing a decline of 32% compared to the previous year. 

Service Industries (PSX: SRVI) Reports Financial Results for Year Ending December 2024. The company announced a profit after tax of Rs. 324 million (Earnings Per Share of Rs. 6.9), representing a significant decline of 76% compared to the previous year. 

Pak Electron (PAEL) announced its annual financial results for year ending Dec 2024. It posted a EPS of Rs 2.72 (last Year Rs 1.5). No cash payout. Price closed at Rs 45.9. Last week the price had gained 13%.

 A Snapshot of Exchange Traded Funds at PSX

Today, the KSE100 Index closed at 116,440, losing 2,003 points (-1.7%) after reaching an all-time high last week. The market faced pressure amid rollover week and upcoming Eid holidays next week.

Systems Ltd. Annual Results, announces Stock Split

Systems Limited (PSX:SYS) reported its financial results for the year ending December 2024.

KSE100 Index Technical Outlook

The KSE-100 Index has surged out of its consolidation phase, closing at 118,442 with a robust gain of 2,906 points (+2.52%). This breakout has propelled the index beyond its previous trading range, as it now tests higher resistance levels. Trading activity also saw a significant uptick, with volumes rising to 1,250 million shares, reflecting renewed investor confidence. The index continues to hold firmly above its 10-week EMA (113,678), underscoring the prevailing bullish momentum.

PSX SnapShot Week Ending 21Mar2025