Kya PSX ki Baazi Palat Jae Gi? Budget ka Aftershock
After the budget announcement, Pakistan Stock Exchange (PSX) dekha ek thora sa giravat, jab ke market consolidation ne apna qabza jama liya. Din tashweesh se shuru hua, jab KSE-100 index ne ek din ka record 78,541.21 points tak bulandiyon ko chhua. Lekin yeh shuruati taiz momentum jald hi thanda par gaya, jab market ko ghatakar trends ne gher liya, jis se pehle faiday mita diye gaye.
Kyun Hua Niche? (Why the decline?)
Is kami ka bohat kuch manna hai. Foreigners apna paisa nikal rahe hain, PSX mein zyada loan liya ja raha hai, IMF abhi nayi tax relaxations ko manzoor karega ya nahi yeh bhi pata nahi hai aur aane wale waqt mein futures ka pressure bhi hai. In sab wajahon se market bahut niche aa gayi aur 78,000 se neeche chali gayi, yeh din ka sabse kam point tha (77,908.98 points).
Foreign Investors ka Ghabrana
Yeh aftershock sirf humari domestic market tak hi mahdood nahi reh sakta. Naye tax ka matlab yeh bhi hai keh foreign investors ab PSX mein invest karne se zyada sharma karenge. Woh already political aur economic stability ke mutaalik baare mein sochte hain aur yeh naye tax unhein yeh sochne par majboor kar sakte hain keh Pakistan mein invest karna ziada achcha option nahi hai. Is se PSX ki liquidity kamzor ho sakti hai aur yeh market ko aur niche le ja sakta hai.
Konsi Cheezon Ne Kiya Saath? (What sectors did well?)
Market mein to dikkat thi lekin kuch sectors jaise ke fertilizers, food, cement aur oil & gas ne acha perform kia. Is ke bawajood market band hone se thoda pehle hi band ho gayi aur bohat nuksan hua.
Experts Kya Kehte Hain? (What do experts say?)
Ahsan Mehanti, jo keh Arif Habib Corp ke MD hain, woh kehte hain keh “Budget ke baad consolidate hone ki wajah se stocks neeche gaye. Foreigners paisa nikal rahe hain, PSX mein zyada loan hai, FY25 ke budget mein tax relaxations par IMF ki manzoori ka pata nahi aur futures ka pressure bhi hai.”
Arif Habib Limited (AHL) ne bhi yeh hi bat kahin hai aur yeh bhi bola hai keh “Market aur niche jaa sakti hai kyunkeh KSE-100 support level ko test karne jaa rahi hai.” Engro Corp, Unity Foods aur Fatima Fertilizer Company ne acha perform kia aur index ko upar rakha lekin MCB Bank, Oil and Gas Development Company aur Hub Power Company ne niche jaa ke market ko niche ki taraf dhakka dia.
Umeed hai keh humari sarkar PSX ki pareshaniyon ko samjhegi aur kuch rafool (rafool – relief) measures lekar ayegi. Shayad woh tax ki policy mein kuch تبدیلی (tabdili – change) kare ya PSX ko aur facilities de. Is se investors ka confiance wapas lane mein madad mil sakti hai aur woh PSX mein phir se invest shuru kar dein.
Aage Kya? (What's next?)
JS Global ke analyst Mohammed Waqar Iqbal ne yeh kaha hai keh trading activities kamzor hain aur ab companies ki kamai ka season aa raha hai to is waqt ummeed hai market mein zor lagega. Unhon ne investors ko yeh salaah di hai woh yeh waqt kamzor hone ka faida uthaein aur cement, banking aur technology mein invest karein.
Market ka Haal? (Market stats)
Trading volume kam ho gaya hai, kal 385.2 million shares trade huin thien woh ghat kar 292.2 million shares reh gayin hain. Total trade value bhi Rs 11.4 billion reh gaya hai. 433 companies ke shares trade huen aur un mein se 144 ne profit kamaya, 219 ko nuksan hua aur 70 same rahe. NCCPL ke mutabiq, Foreign investors net sellers hain aur unhon ne Rs 169.63 million ke shares beche hain.
Konse Shares Chhaye? (Top performers?)
Pervez Ahmed Company ne sabse zyada shares trade kiye, jin ka number 26.81 million tha. Us ke baad K-Electric aur WorldCall Telecom ka number aya, unhon ne 17.9 million aur 16.87 million shares trade kiye.
Hum Kya Kar Sakte Hain?
Yeh waqt hai keh hum Pakistani hum watan ki taraqqi mein apna hissa dein. Agar aap investor hain to thoda subar rahiye aur market ka trend dekhein. Panic mein na dikayen balkeh experts ki rai lein. Aur agar aap invest karna chahte hain to achchi research karein aur woh companies select karein jo mazboot aur future mein progress karne ki salahiyat rakhti hain.
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