KSE-100 indexed once again managed to the amend its all time high (ATH) gaining 4.41 percent on a weekly time frame. The index has risen dramatically during the past two months, achieving an astounding return of 28.89%. This increase not only shows how resilient the market is, but it also begs interesting questions about what exactly is causing such rapid development. Index closed at 60,428.13 pts adding +29.28 points to the index in the previous session.

The high impact of positive IMF news along with several other positive economic indicators have influenced a much awaited rally for Pakistan Stock Exchange.
With the approval of the IMF Executive Board, this deal could potentially provide Pakistan with access to SDR 528 million, or about $700 million.
The SLA’s impending financial infusion serves as further evidence of how beneficial foreign collaboration is to Pakistan’s economy. In addition to representing the IMF’s vote of confidence, the proposed access to SDR 528 million offers a sizeable financial boost that might spur additional economic expansion.


Normalising foreign exchange and import payments is greatly aided by the recent increases as well as stronger laws and enforcement. These steps help to restore reserves, which is essential for maintaining long-term economic stability and stabilising the economy.


The Benchmark KSE100 Index closed the session with a bullish green candle for the day, week and the month. The index posted an intraday high of 479.68 points and an intraday low of 73.86 points. PKR continues to gain strength against the greenback and oil is still trading below MA200 and EMA21 Oil ended the previous session with a 9-2.70%0 loss for the day.

The volumes decresed from the previous sessions close. Index closed at 61,691.25 pts adding 1159.98 (1.92%) points to the index.

The volumes decreased from 343.52 million shares in the previous session to 295.89 million shares Today. The volume leaders included MLCF(+7.10%), PAEL(+6.93%), FFBL(+2.33%). The scrips traded 43.07mn, 39.80mn and 25.57mn shares respectively.


CFDs on Brent Crude oil posted an intraday high of $81.50 and intraday low of $79.39. Oil is currently trading at $79.39 (11:32pm Friday, 01 December 2023 (GMT+5) Time in Pakistan).

CFDs on WTI Crude Oil posted an intraday high of $76.72 and intraday low of $75.30. Oil is currently trading at $76.22 (11:04pm Friday, 01 December 2023 (GMT+5) Time in Pakistan).



Experienced Senior Research Analyst



Sikander Raza, a Senior Technical Analyst



Hamza Saleem, a Senior Business Analyst



Irsa Sajjad, as a Research Analyst for Equities

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