Nadeem Danka sees PSX touching 200,000 by June
EXCLUSIVE TALKS WITH PSMU NEWSPAPER TEAM:
Danka eyes rate cuts, banking strength and a bullish outlook
PSMU Exclusive
Lahore: The PSMU team, led by CEO Muhammad Kalia and Editor-in-Chief Sawera Ibrahim, met renowned market analyst Nadeem Nisar Danka in Lahore, where wide-ranging and insightful discussions were held on Pakistan’s economic outlook, capital markets, and future growth trajectory.
During the meeting, Nadeem Danka highly appreciated the PSMU initiative, terming it a “bold and visionary step” to promote stock market awareness through print media. He said PSMU’s focus on routine market analysis, business intelligence, company profiles, stock updates, and trading trends would play a vital role in educating the public and strengthening investor confidence. Expressing optimism, Danka said he sees PSMU emerging as a very successful platform in the near future.
Responding to questions about current market performance, Danka projected a strongly bullish outlook for the Pakistan Stock Exchange (PSX). He stated that in the coming days, the monetary policy interest rate is likely to witness a cut, with a clear possibility of rates moving into single digits. According to him, the next major milestone for the market index is 200,000 points, a target he believes could be achieved by June or even earlier, as per assessments by his technical and research teams.
Danka emphasized that during this phase, the market will continue to experience a healthy mix of corrections and positive news flow, keeping momentum intact.
He further noted that Middle East geopolitical developments will remain an important factor influencing global and regional markets. Domestically, he said the government is moving in the right economic direction, while Punjab is setting new benchmarks in development. If this pace continues, he added, the outcomes would be “phenomenal.”
However, Danka stressed that sustainable economic success hinges on the prosperity of Small and Medium Enterprises (SMEs). Without meaningful growth opportunities for SMEs, he cautioned, government performance would remain under scrutiny.
The analyst also praised the initiatives undertaken by Chief of Army Staff General Syed Asim Munir, particularly those aimed at economic development and long-term national growth.
Sharing insights on macroeconomic indicators, Danka reiterated his stance that interest rates are headed lower, while the US dollar appears weak, likely to experience a dip along with ongoing fluctuations.
Sector-wise, he identified Habib Bank Limited (HBL), National Bank of Pakistan (NBP), and United Bank Limited (UBL) as strong performers in the banking sector. In the industrial space, Pak Elektron Limited (PEL) was described as sounding “much more positive” compared to its peers.
Commenting on Hum Network Limited (HUMNL), Danka clarified that the long-standing cross-shareholding issue with Pakgen Power Limited where both companies held each other’s shares has now been resolved. He confirmed that both firms have returned their respective shares and said the market will now be watching closely for upcoming developments.
The meeting concluded on a confident note, with Danka reiterating his bullish stance on the market and acknowledging PSMU’s growing role in shaping informed financial discourse in Pakistan.
