The Pakistan Stock Exchange (PSX) witnessed bullish trading on Tuesday as investors welcomed the International Monetary Fund’s (IMF) approval of a $1.2 billion disbursement for Pakistan under the Extended Fund Facility (EFF) and the Resilience and Sustainability Facility (RSF).
By noon, the benchmark KSE-100 index was trading at 169,509.26 points, up 1,206.02 points, or 0.71%.
Of the 560 companies traded, 293 saw their share prices rise, 104 declined, and 104 remained unchanged.
Analysts said the positive momentum was driven by the IMF board clearance, unlocking $1 billion under the EFF and $200 million through the RSF, bringing total disbursements under both programs to approximately $3.3 billion.
Buying interest was particularly strong in sectors such as cement, commercial banks, fertilizers, oil and gas exploration, oil marketing companies, and power generation and refineries. Major index-heavy stocks, including HUBCO, MARI, OGDC, POL, PPL, MCB, MEBL, NBP, and UBL, traded in the green.
Earlier in the day, the PSX closed on a positive note, with the KSE-100 index gaining 1,217 points to finish at 168,303, reaching a key psychological level. The index recorded an intraday high of 168,755 points and a low of 167,386 points during the session.
The IMF tranche approval appears to have renewed investor confidence, signaling stability in Pakistan’s economic outlook amid ongoing structural reforms.
Investor participation stayed robust, with total trading volume reaching 769.7 million shares. The value of shares traded during the session exceeded Rs49 billion, reflecting renewed confidence among investors.
Market analysts noted a positive momentum in selective buying of index-heavy stocks, accompanied by improved investor sentiment, which is supported by expectations of economic stability and positive developments on the macroeconomic front.
