Overview
- The KSE-100 index closed up about 1.06% at roughly 179,571 points on June 24 following a broad recovery led by banks, cement, oil and gas, and textile names.
- Market participants cited the government's removal of the super tax for large-scale exporters as a key policy boost that should improve profitability for export-focused firms, especially textile makers.
- Falling international crude prices eased concerns over Pakistan's import bill and inflation outlook, which helped lift energy-sensitive sectors and investor risk appetite.
- Trading was active with roughly 844–851 million shares changing hands and value near Rs40 billion, even as foreign investors were net sellers of about Rs651.3 million and fiscal year‑end rollover caused earlier intraday volatility.
- Analysts say recent lower T‑bill yields have increased expectations of a possible interest-rate cut at the July Monetary Policy Meeting and that upcoming inflation data, external account developments and regional geopolitics will determine whether the rally holds.