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The Pakistan Stock Exchange (PSX) delivered its second-best Ramazan returns since 2015, according to a report by Arif Habib Limited.
The KSE-100 index posted a 5.2 percent gain during the month, driven by economic developments. The bullish trend was fueled by the staff-level agreement (SLA) with the International Monetary Fund (IMF) and the government’s circular debt resolution plan, which aimed to lower electricity prices.
The SLA followed the first review under the $7 billion Extended Fund Facility, securing a $1.1 billion disbursement. Additionally, Pakistan secured a $1.3 billion Resilience and Sustainability Facility (RSF).
According to Topline Securities, major market drivers during Ramazan included, Lower inflation in February, Unchanged monetary policy, and Remittances rising to $3.1 billion (up 39 percent).
The PSX showed resilience, with the KSE-100 index reaching a high of 119,422, after opening at 113,499.
Despite a dip to 111,717, it closed at 117,807, marking a 4.02 percent monthly increase. However, a 0.5 percent week-on-week decline was recorded.
Topline also reported that car sales in February 2025 stood at 12,084 units (up 24 percent YoY, down 29 percent MoM). The current account recorded a $12 million deficit for February, while the eight-month FY25 current account surplus stood at $691 million.
“Average daily traded volume reached 366 million shares, with a value of PKR 24 billion,” the report added.
