The actions moved within a close band on Friday as a activity of mutual funds, solid profits and optimism about economic perspectives maintained the stable capital market.
The KSE-100 index of the Pakistan Stock Exchange (PSX) rose to a maximum intradic of 147,534.41, winning 1,005.11 points, or 0.69%, before retiring to a minimum of 146,894.62, which reflects a fall of 35.2 points, or 0.02%.
“It is a limited rank activity today led by the liquidity and profits of mutual funds. Moody’s credit rating is already incorporated,” added Aah Soomro, an independent economic and investment analyst.
“Better results, the expectations of greater improvement in the economic environment are promoting the market,” said Samiullah Tariq, head of Research and Development of Pakistan Kuwait Investment Company.
Moody’s improved the Caa2 to Caa1’s credit qualification, citing an improved external position and progress in the reforms under the extended fund program (International Monetary Fund) (EFF).
The agency said that currency reserves are likely to continue improving, although they depend on the timely financing of official partners, while fiscal strengthening is supported by a broader tax base. However, he warned that the affordability of the debt remains among the weakest worldwide, with even political governance and uncertainty.
This marks the third update in four months, after similar movements due to the Global S&P qualifications and Fitch grades, backed by the government’s commitment to Prime Minister Shehbaz Sharif with consolidation and tax reforms.
On the performance front, Pakistan assured the first global place for capital returns in USD on FY24 -Fy25 combined, they showed the Bloomberg data. Only in fiscal year 2000, Pakistan took the eighth place worldwide but surpassed regional fellow, which returned much more than the BSE Sensex of India (+3.2%), China (+14.8%) and the widest market in India (+6%), according to AHL data.
The last monetary policy report (MPR) of the State Bank of Pakistan (SBP) projected a GDP growth projected at 3.25–4.25% in FY26 and a current account deficit between zero and 1.0% of GDP.
With the policy rate maintained at 11% in June and July, the SBP expects the real policy rate to remain positive to stabilize inflation within the objective. It is forecast that reservations will reach $ 15.5 billion at the end of December 2025, backed by projected financial tickets and continuous purchases of SBP FX.
On Wednesday, the KSE-100 decreased by 476.02 points, or 0.32%, to 146,529.31 points from 147,005.32 points recorded in the last session. The highest index of the day remained at 147,892.25 points, while the lowest level was recorded at 146,417.8 points.
