- The KSE-100 index closed at 157,953.46 points, more than 1,775.65 points, or 1.14%.
- The index touched an intra -dialy of 158,082.55, an increase of 1,904.74 points, or 1.22%.
- The decline in the session registered at 156,978,85, it still rose 801.04 points, or 0.51%.
The Variable Income Market advanced abruptly on Thursday, closing a new record since the feeling of investors was promoted by a historic strategic mutual defense agreement signed between Pakistan and Saudi Arabia.
The KSE-00 reference index of the Pakistan Bag (PSX) was established in 157,953.46 points, more than 1,775.65 points, or 1.14%, from the previous closure of 156,177.81.
During the session, the index rose to a maximum intradic of 158,082.55 points, winning 1,904.74 points, or 1.22%. The minimum of the session was recorded at 156,978.85 points, even higher in 801.04 points, or 0.51%.
“The news about the Defense Association has brought the emotion in all areas. This is an important change of restart game that can pour more liquidity and reduce the risk premium,” AAH Soomro, an economic analyst and independent investment.
“The index can be directed up without corrections,” he added.
Pakistan and Saudi Arabia formalized on Wednesday a historical agreement of strategic mutual defense, committing to treating any aggression against a country as aggression against both.
The pact was signed during the state visit of Prime Minister Shehbaz Sharif to Riad, where he was received by Prince Prince and Prime Minister Mohammed Bin Salman at the Al-Yamamah Palace.
The Pact reflects a joint commitment to improve bilateral security ties and contribute to regional and global peace, according to the statement. Its objective is to further develop defense cooperation and strengthen joint deterrence against any aggression. Crucially, the agreement stipulates that any aggression against a country will be considered aggression against both.
The Government also raised RS195 billion of the auction of the projects of the market Treasury (T-Factures) on Wednesday, exceeding its objective of RS175 billion. However, he rejected the offers for the Pakistan Investment Bonus (GDP) of the 10 -year floating rate, since investors demanded greater returns.
The T-Bill auction obtained participation by value of RS1.07 billion, with yields that end almost flat. Cutting yield in a one -month article decreases by 1 basic point (BP) to 10,7445%. The three -month bill performance remained unchanged at 10,8502%, while the six -month role reduced 1 PB to 10,8376%. The 12 -month yield also remained stable at 10,9999%.
The State Bank of Pakistan (SBP) maintained on Monday its stable policy rate at 11% for the third consecutive meeting, citing inflation concerns amid devastating floods. Since June 2024, the Central Bank has reduced rates by a total of 1,100 bp, but kept them unchanged in June, July and now September.
In comparison, in the previous session on Wednesday, the KSE-100 index closed almost flat, less than 3.12 points to 156,177.82 of 156,180.94. The maximum of the day was 157,196.59 points, while the bass was 155,960.36 points.
