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KSE-100 Index Update: January 6, 2025
The Pakistan Stock Exchange (PSX) began the new trading week on a negative note, with the KSE-100 Index falling 1.13% DoD.
- Market Performance:
- 27 shares advanced, while 70 shares declined.
- Top contributors to index gains included:
- HMB PA: +3.02%
- AICL PA: +10.0%
- MCB PA: +0.96%
- Major drags on the index:
- OGDC PA: -3.84%
- PSO PA: -5.12%
- FFC PA: -1.29%
World Bank’s USD 20 Billion Loan Package for Pakistan
The World Bank has announced plans to approve a USD 20 billion loan package for Pakistan as part of a 10-year strategy (2025–2035). Key highlights include:
- Focus on addressing health, education, and climate resilience.
- Aimed at long-term development, protecting projects from political instability.
- The strategy ensures continuity despite expected changes in government during the period.
This development reflects a significant commitment to Pakistan’s sustainable growth, with an emphasis on resilience and infrastructure improvement.
Market Outlook
Despite Monday’s decline, the KSE-100 remains within its recent range. Technical support at 115.5k for January is expected to stabilize the market and potentially lead to an upside resumption.
Market participants will keep a close watch on sectoral developments and external factors, including World Bank funding and macroeconomic updates, which are likely to influence sentiment.
Stay tuned for further updates and trends from the trading floor!
