This is the textbook example of Liquidity sweep. When institutional whales eat up the SL orders placed by noob traders. Price comes down, eat up all the pending orders and then goes back up !
#TATM#PSX
Applied for account opening on Finqalab on 5th September and finally got my account opened on 24th after various reminders. So it took #Finqalab team to open account in 19 days which other brokers usually open in 2-3 days max!
What a start !!
#PSX
Moody's upgrades Pakistan to Caa1
•Moody’s upgraded Pakistan to Caa1 from Caa2, supported by improving external buffers, fiscal consolidation, and reform progress under the IMF program.
•The credit outlook was revised to stable from positive.
•The rating upgrade reflects increased confidence in Pakistan’s capacity to manage external debt repayments.
•Signals optimism on FX reserve buildup and tax base expansion, despite political uncertainty and governance challenges.
@GovtofPakistan@Financegovpk
#Pakistan #Economy #AHL
After connecting dots from inputs received on "X" by various analysts and experts, a perfect bullish setup exists for Pakistan Stock Market which may at least last till General Elections (albeit with corrections). Thesis 👇
1. Market PE is a function of Growth (direct proportion, Interest Rates (inversely proportional) and credit ratings (direct proportion). Until now, only Interest Rates reduction has derived the market. Impact of Credit Risk Ratings upgradation and Growth is yet to come in play.
2. Price to Earnings ratio (PE) of our Market stands at 8 which although at historic average is lower than regional peers like India, Bangladesh etc. This is especially at the time when our credit ratings have been upgraded, higher the credit ratings, lower is the premium demanded by foreign investors to invest in that particular country.
2. Pakistan's market has seen consistent foreign outflows recently again this is at the time when our default risks have been totally eliminated (no near risks atleast). Foreigners should come back. Two things are holding them back No 1 is the FED US Interest rates which are still higher and they consider it safe heaven and 2nd is AI boom which has resulted in significant rally in AI companies like Nvidia, Meta, google etc (Magnificent 7). Trump is making effort to reduce IR further this will ultimately result in withdrawal of foreign funds from US to other markets and Pakistan stands at top now this is also reflected in Pakistan Bond/debt Markets. Besides this, US tech companies are at extreme valuations and their sustainability is being questioned too.
3. Mutual funds buying Spree amid higher Rupee Printing:
Taxes on debt MF and to lock better single digits yields, MFs are shifting towards Equity.Besides this, the spread between rupee printing and kse and widened largely. Since, Real Estate is lacking momentum, there is high probability that gap may narrow down, for this to happen, our index will have to catch-up.
4. Troubling India and Uncertain Bangladesh future:
India is struggling to maintain it's relations with US, China, Iran, Bangladesh. Instead of mending it's relations, it's doubling down by inclining towards Russia (the country that US and West detest the most).
5. Internal Political stability:
Crackdown on PTI has left the govt with no strong opposition. PPP is an ally, Establishment is happy and Judiciary is aligned. This send strong signals to foreigners.
6. IMF umbrella: Good relations with US, IMF will not be as bad as it was earlier. It will relax some conditions too esp with respect to tax targets which I still believe is ambitious and difficult to achieve and can lead to higher inflation due to mini budgets. Time will tell.
7. Lower Oil Prices amid higher supply from OPEC+:
This keeps everything in check from inflation to current account balance to trade deficits. These are lower and favourable at the moment. If they continue to remain low, IR may fall into single digits too.
8. Circular debt settlements: Power is done, now all eyes are over gas circular debt. OGDC receiving past due payment is an indication that additional cash will be received from banks too. Once this is settled, Gas CD will also come in spotlight.
9. Growth is picking up as evident from July trade deficit numbers. We are an import driven economy and thus our imports would be larger. But as an Investor we have to see if imports are not derailed. By derailing I mean, they should not exceed exports plus remittances combined. We have to keep primary Current Accounts and Fiscal accounts in surpluses. Any derailment would create deficit. Not good with IMF.
Despite these points, unforeseen risks may emerge and also we cannot outrightly eliminate the risk of re emergence of Indo Pak War.
All credits to these experts
@AbdulRehman0292
@najam_ali@81ShahbazRana@AAHSoomro@JawadYaqoob@akifsaeed65@YousufMFarooq@theammarsid@Invest_Kardo@adeel_azhar@iamlaeeqahmad@rogueonomist
Big News for Pakistan's Stock Market!
SECP has officially announced February 9, 2026, as the date for transitioning from a T+2 to a T+1 settlement cycle for securities traded on the Pakistan Stock Exchange (PSX)!
This is a game-changer! This move is set to significantly enhance investor experience and boost market efficiency by reducing credit, market, and liquidity risks in securities transactions. Pakistan is joining the ranks of early global adopters of the T+1 regime – a huge step forward!
The announcement was made today at a ceremony at the PSX Building in Karachi, attended by key representatives from PSX, NCCPL, CDC, securities brokers, banks, and industry associations. Chairman SECP emphasized the significance of this shift, and we also heard from Ms. Shamshad Akhtar, Chairperson, PSX, and Mr. Naveed Qazi, CEO NCCPL.
Get ready for a more efficient and dynamic market!
#PSX #SECP #StockMarket #Pakistan #T1Settlement #MarketEfficiency #InvestorExperience
Budget proposal to discourage cash economy ✅✅
People paying with cash at petrol pumps will pay Rs3/liter extra.
Good idea if all pumps have the facility to take digital transactions, should be adopted in upcoming budget.
- @narendramodi you were repeatedly warned not to test our resolve and don’t mess with Pakistan. Yours is a real terrorist state with its worst display against innocent Kashmiris in IIOJ&K. Now stop, else be ready for greater consequences at the hands of Pakistan Armed Forces.