Market Overview

The Pakistan Stock Exchange (PSX) experienced⁢ a decline⁢ on Thursday,November 6,2025,closing at 64,188.79 points, down 481.41⁤ points, representing a 0.30 percent decrease. The market’s performance was influenced ​by a combination of profit-taking and anticipation surrounding the upcoming International Monetary Fund (IMF) ‍review.

Key Market Movers

Several key stocks significantly impacted the PSX’s performance.‌ United Bank, Meezan Bank, Oil and Gas Advancement Company⁢ (OGDC), maple Leaf Cement,​ and Engro Holdings collectively subtracted 285⁢ points from the index. Conversely, Pakistan Services, Colgate-Palmolive, Hub Power Company, Askari Bank,⁤ and ⁣Pakistan Telecommunication ⁢Company Limited (PTCL) provided some upward momentum, adding ⁤a combined 236 points.

Analyst Commentary

Ali Najib, Deputy Head of⁤ Trading at Arif habib Ltd, noted that the market briefly surpassed the 65,000 mark during intraday trading but failed to maintain those gains. He attributed the decline to “persistent profit-taking pushing the index back below this key psychological level.” This suggests investors were securing gains after recent positive market ⁢activity.

IMF Review and MSCI Update

the Finance Ministry anticipates that the IMF Board will ​convene in early December 2025 to review Pakistan’s economic programme⁤ and perhaps approve ‍the next tranche of funding. Triumphant completion of the⁣ IMF review is crucial for Pakistan’s economic stability ‌and access to further financial assistance.

In a separate development, MSCI’s latest index update included Askari Bank, Bank of Punjab, and meezan Bank in its large-cap index. This inclusion ⁢is expected to increase investor ⁤visibility and potentially attract further investment into these stocks. MSCI indexes are widely used by institutional investors globally.

Power sector Circular Debt

The power sector’s circular debt – a persistent issue in Pakistan’s energy sector – ⁣increased by Rs79 billion in the first quarter (July-September) of‌ the current fiscal year, reaching Rs1.693 trillion. This increase contrasts with the previous year, where the circular debt was reduced by Rs780 billion through capital injections and approximately Rs1.225 trillion in commercial borrowing. The underperformance of distribution companies is cited as the primary driver of this renewed ⁢increase.

Trading Activity

Trading activity saw an increase, with volume rising‌ by 11.3 percent to 957.3 million shares. Tho, the traded value decreased by 12.6 percent to Rs30.4 billion. Bank Makramah Ltd led the volume chart, with over 93 million shares traded.

Looking Ahead

Analysts are‌ closely monitoring the 64,733 level – the closing value on October 30, 2025 – as a key support level. Maintaining a ⁤weekly close above this level is