Karachi: The KSE-100 Index witnessed a significant rally, gaining 4,695 points to close at 99,269, with a trading volume of 1,052 million shares. The highest price changes were observed in Bank of Punjab (BOP), K-Electric Limited (KEL), and Habib Bank Limited (HBL), while major decliners included JDW Sugar Mills Limited (JVDC), Pakistan Services Limited (PSEL), and Faysal Bank Limited (FABL). The trading activity was predominantly concentrated in the banking, oil marketing companies (OMCs), and power sectors.
According to Taurus Securities Limited, the finance ministry is anticipating a reduction in inflation to a range of 5.6-6.5% by December. Additionally, the cut-off yields on Market Treasury Bills (MTBs) have reached their lowest levels since 2022. Despite an ambitious target of $9 billion in time deposits, the Economic Affairs Division (EAD) reported that no amount was received from July to October of fiscal year 2025. Furthermore, a record Rs880 billion in credit was disbursed to the private sector from July 1 to November 15, while the Economic Coordination Committee (ECC) expressed concern over delays in implementation of various projects.
The Ministry of Commerce (MoC) has requested provinces to draft export growth roadmaps, while the State Bank of Pakistan's (SBP) profit and the Petroleum Development Levy (PDL) have helped the government retire Rs1.9 trillion in debt. Meanwhile, auto financing has seen an increase due to lower interest rates, and Pakistan Petroleum Limited (PPL) has enhanced its domestic hydrocarbon output.