The capital market continued its basic slipping on Tuesday, as the investors caution with the start of the company’s profit season.
The disappointment of recent payments in the oil sector, in addition to uncertainty in the broader market, weighs the morale of investors.
“The profit season has started, and the shares interact with profits and payments. Disappointment in payments kept the oil sector under pressure yesterday and caused pressure in the broader market,” said Ahfaz Mustafa, CEO of Embal Securities.
“This pressure continued today, as people became careful before profit ads,” he added.
The Pakistani Stock Exchange index (PSX) KSE -100 was closed at 112,030.36, recording a sharp decrease of 1,489.96 points or -1.31 % from the end of the previous session of 113,520.32. During the session, the index rose to the highest level during the day 113,644.71, but also touched the minimum level of 111,434.95.
On Monday, the Pakistani State Bank (SBP) announced a reduction of 100 points in the policy price, which reduced this to 12 %. This represents the reduction of the sixth consecutive rate since June.
SBP Jameel Ahmed indicated that it is expected to reduce inflation in January, although basic inflation is still high. The central bank expected the entire year to an average of 5.5 % and 7.5 %.
On Monday, Mari Energies Limited (Mari) recorded a 19 % decrease on an annual basis in the profitability of H1fy25, where 30,396 million rupees (EPS: RS25.32) recorded compared to 37,505 million rupees (EPS: RS31.24 ) In h1fy24. The company’s semester profit also decreased by 39 % on an annual basis to 1168 million rupees (EPS: RS9.30), driven by an increase of 115 % on an annual basis in operating and management costs and 15 % of the increasing kings on the value of Mari D & Essedead.
The government re -allocated 82 billion rupees of state -owned SUI gas companies, which were originally dedicated to reducing circular debts, to prevent a high gas tariff for ordinary consumers.
“We have allocated 100 billion rupees of corporate profits to reduce circular debt,” said Malak Malik Minister of Petroleum Malik. “Now, 82 billion rupees will be used to ensure that ordinary consumers do not burden the benefit costs.”
The semi-annual report of the Finance Division (July-December 2025) highlighted that Pakistani GDP expanded 2.5 % in H1FY25, based on the stability achieved last year.
Inflation decreased to 7.2 % in the first half of the fiscal year 25, compared to 28.8 % in the previous year, with the support of global prices, stable exchange rate, and targeted government policies.
The report attributed the economic recovery to the total economic management, financial unification, and the measures to combat effective inflation.
The stock of the week started negative observation as the KSE-100 index fell 1,360.16 points, or 1.18 %, to close at 113,520.32. The index reached the highest level of 115,596.87 points during the session, while the lowest level was recorded at 113482.23 points.
As the profit season progresses, the market may remain a reaction to companies ’results.
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