Chase Securities News - Research & Market Updates
Chase Securities News - Research & Market Updates
May 12, 2025 at 11:23 AM
*PSX Surges 9.45% on IMF Tranche Approval and Ceasefire* 1. The Pakistan Stock Exchange (PSX) witnessed a historic surge, gaining 10,123 points or 9.45%, the highest gain in recent history. This remarkable rally was fueled by two significant developments over the weekend: the ceasefire announcement and the IMF Board's approval of a tranche release. 2. The market value decreased by 9% to 35 billion compared to yesterday's 38.5 billion, while the trading volume jumped 29% from 675 million shares to 871 million shares. 3. Key sectors driving the market's upward momentum included the Banking sector, which contributed 2,500 points, the Fertilizer sector added 1,380 points, the Oil and Gas sector provided 1,370 points, while the Cement sector and Power sector added 1,000 and 535 points, respectively. 4. The market's impressive performance reflects investor optimism and confidence in the wake of these positive developments. Regards, Muhammad Rizwan Khan Director Brokerage- Chase Securities
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