\u201cMarket rally driven partly by strong results from certain large banks,\u201d says expert
\n karachi
\nThe stock market staged a strong recovery on Tuesday, as investors shifted focus to buying after weeks of selling pressure.
\nMarket momentum was largely fuelled by strong earnings reports from major banks and optimism surrounding continued energy sector reforms, with investors anticipating further positive results from commercial banks.
\nThe Pakistan Stock Exchange\u2019s (PSX) benchmark KSE-100 Index surged by 1,344.94 points, or 1.2%, to close at 113,088.47. The market touched an intraday high of 113,252.54 and a low of 111,642.02, reflecting strong investor confidence across multiple sectors.
\n\u201cMarket rally was driven partly by strong results from certain large banks and an optimism about continued energy sector reforms driving stocks in that space,\u201d said Muhammad Saad Ali, Director of Research at Intermarket Securities Ltd.
\n\u201cThe market is also anticipating strong results from other large banks. Cement sector stocks are also among top point contributors,\u201d he added, highlighting the sector-wise gains in the market.
\nFinance Minister Muhammad Aurangzeb, in an interview with Arab News on Monday, underscored Pakistan\u2019s improving macroeconomic stability and its efforts to implement structural reforms.
\n\u201cPakistan and the Kingdom of Saudi Arabia have been long-standing partners, one of the strongest partnerships that we have,\u201d he said, adding that Pakistan aims to learn from Saudi Arabia\u2019s Vision 2030 as it embarks on its own economic transformation.
\nHe also highlighted Pakistan\u2019s improved debt-to-GDP ratio, which has fallen from over 73% to the mid-60s, and reaffirmed the government\u2019s commitment to export-led growth.
\n\u201cPakistan will have to fundamentally change the DNA of the economy,\u201d he stated, emphasising that the International Monetary Fund (IMF) supports the country\u2019s economic trajectory.
\nPakistan\u2019s textile exports surged by 15.85% year-on-year in January 2025, reaching $1.686 billion, compared to $1.477 billion a year earlier. For the first seven months of FY25 (July-January), total textile exports rose 10.6% to $10.77 billion, up from $9.74 billion in the same period last year.
\nMeanwhile, the cement sector benefitted from a decline in coal prices, which improved profit margins and led to renewed buying interest. The banking sector also saw gains, with investors drawn to strong dividend payouts and solid earnings reports.<\/p>\n","protected":false},"excerpt":{"rendered":"
\u201cMarket rally driven partly by strong results from certain large banks,\u201d says expert karachi The stock market staged a strong recovery on Tuesday, as investors shifted focus to buying after weeks of selling pressure. Market momentum was largely fuelled by strong earnings reports from major banks and optimism surrounding continued energy sector reforms, with investors […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-462434","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"\n