April 20, 2025 (MLN): This week, the capital market witnessed a collection of optimistic developments on the financial entrance, which helped restore investor confidence.

Accordingly, the benchmark KSE-100 Index gained 2,462.25 factors, or 2.14%, to settle at 117,315.58 in comparison with final week’s shut of 114,853.33.

Intraday swings had been vital, with the index reaching a excessive of 117,888.13 (+572.55 factors) and a low of 115,246.2 (-2,069.38 factors).

Market cap

The KSE-100 market capitalization stood at Rs3.55 trillion, up 1.63% from the earlier week’s Rs3.49tr. In USD phrases, the market cap was recorded at $12.65 billion, in comparison with $12.45bn within the prior week.

This week, the index return in USD phrases was 1.54%, in comparison with -3.31% the earlier week.

On the financial entrance, the week started with optimistic information as remittances reached a document excessive of $4.05bn in March 2025, marking a notable 37% YoY enhance.

Consequently, the nation has recorded a present account surplus of $1.2bn.

Following the surge in remittances, the central financial institution has revised its full-year remittance forecast for FY25 to $38bn, up from the sooner estimate of $36bn.

Moreover, Pakistan is predicted to obtain $4–5bn from multilateral lenders and different exterior sources earlier than the shut of the fiscal 12 months, based on State Financial institution of Pakistan (SBP) Governor Jameel Ahmad.

Additionally, Pakistan has recorded a International Direct Funding (FDI) of $25.75m in March, in comparison with a FDI value $294.17m within the Identical Interval Final Yr (SPLY).

Additional, Pak Rupee’s Actual Efficient Alternate Fee Index (REER) decreased by 0.61% in March 2025 to a provisional worth of 101.618 from the revised worth of 102.246 in February 2025.

Fitch Rankings upgraded Pakistan’s Lengthy-Time period International-Forex Issuer Default Ranking (IDR) to ‘B-‘ from ‘CCC+’, with a Steady Outlook.

The overseas alternate reserves held by the State Financial institution of Pakistan (SBP) decreased by $127 million or 1.19% WoW to $10.57bn in the course of the week ended on April 11, 2025.

SBP’s overseas alternate reserves- at the moment beneath strain on account of latest debt repayments, are projected to climb to $14bn by the tip of June. This compares with a earlier goal of $13bn.

In the course of the week, the Central Financial institution carried out an public sale during which it bought Market Treasury Payments (MTBs) value Rs964.63bn.

The optimistic financial cues helped stabilize investor sentiment, pushing the KSE-100 index’s fiscal year-to-date returns to 49.55%, whereas CYTD return stood at 1.9%.

Prime Index Movers

In the course of the week, Industrial Banks, Cement, and Car Assemblers contributed 1,736.13, 566.54, and 184.41 factors, respectively, to the index. On the flip aspect, Fertilizer eroded -288.14 from the index.

Amongst particular person shares, UBL gained 1,536.74 factors, whereas LUCK, and HUBC added 429.39 and 159.66 factors, respectively.

Conversely, FFC and MARI eliminated -315.53 and -230.63 factors, respectively.

FIPI/LIPI

This week, International Traders remained web sellers, promoting equities value $4.01m.

International Corporates led the promoting spree value $4.84m, whereas Abroad Pakistanis bought securities value $0.80m.

However, native Traders had been web consumers this week, buying equities value $4.01m.

Banks & DFIs and Different Organizations purchased securities value $68.97m and $10.59m, respectively, whereas Mutual Funds bought securities value $62.43m.

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Posted on: 2025-04-20T19:11:08+05:00