PSX closes on record high after IMF approval of loan tranche
The benchmark index closed at its highest-ever value after a gain of 0.69% during intra-day trade on Tuesday
Business Desk
The Business Desk tracks economic trends, market movements, and business developments, offering analysis of both local and global financial news.
The Pakistan Stock Exchange (PSX) closed at a historic high on Tuesday after the International Monetary Fund (IMF) board approved a USD 1.3 billion loan tranche for Pakistan.
The benchmark KSE-100 Index surged 1,153.14 points, or 0.69%, to a record 169,456 points.
The index had climbed as much as 1,297.79 points during the session before settling at the new closing peak.
This is the highest mark since October 3, when the market closed at 168,990 points.
The market rally is widely attributed to renewed investor confidence after the IMF board’s decision. The fresh funding tranche includes around $1.1 billion under its Extended Fund Facility and $200 million under the Resilience & Sustainability Facility for Pakistan.
Trading volume remained robust on Tuesday, with over 1 billion shares traded with an overall turnover of PKR 51.3 billion.
Sectors that led the gains included banking, fertilizers, and cement — among others — reflecting broad-based buying across the market.
Investors said the inflow of liquidity and supportive macroeconomic signals could sustain this upward momentum in the near term. Year-to-date, investors have seen a roughly 47% return on their investments.
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