Investors cheer IMF\u2019s tranche approval
\nBenchmark KSE-100 Index settles at 169,456.38 points, up 0.69%, from previous close
\n islamabad
\nThe Pakistan Stock Exchange (PSX) surged to a fresh all-time high on Tuesday, with market participants showing positive sentiments following the International Monetary Fund\u2019s (IMF) approval for a $1.2 billion loan for Pakistan.
\nThe benchmark KSE-100 Index settled at an all-time high of 169,456.38 points, up 1,153.14 points, or 0.69%, from the previous close of 168,303.24. The index climbed to an intraday high of 169,601.03, gaining 1,297.79 points.
\nThe market rally strengthened further following the IMF\u2019s approval of nearly $1.2 billion under the Extended Fund Facility (EFF) and an additional $220 million under the Resilience and Sustainability Facility (RSF).
\nThe move has kept the combined $8.4 billion programme on track and significantly lifted investor confidence. The surge was largely fuelled by strong and consistent buying from local mutual funds, which helped sustain positive momentum throughout the session. Major index contributors collectively added around 640 points to the benchmark\u2019s gains.
\nTrading activity also remained robust. Total volumes crossed 1.02 billion shares, while overall turnover rose to Rs51.1 billion. K-Electric (KEL) dominated the session as the volume leader with 86.7 million shares traded. With solid liquidity, improving macro indicators, and renewed confidence, the record close reinforces the bullish trend steering the market forward.
\nThe IMF will release $1bn under the EFF and $200 million under the RSF, bringing total disbursements under both programmes to $3.3 bn.
\n\u201cToday, the Executive Board of the IMF completed the second review of Pakistan\u2019s economic reform program supported by the EFF and the first review of Pakistan\u2019s program supported by the RSF,\u201d the IMF said in a statement.
\nThis decision, it said, allows for an immediate disbursement of around $1 billion under the EFF and around $200 million under the RSF, bringing total disbursements under the two arrangements to about $3.3 billion
\nThe IMF has described the implementation of the ongoing loan programmes as \u201cstrong\u201d and has assured the government of continued support for its economic reforms. The release of $1.2bn is expected to further bolster Pakistan\u2019s foreign exchange reserves.<\/p>\n","protected":false},"excerpt":{"rendered":"
Investors cheer IMF\u2019s tranche approval Benchmark KSE-100 Index settles at 169,456.38 points, up 0.69%, from previous close islamabad The Pakistan Stock Exchange (PSX) surged to a fresh all-time high on Tuesday, with market participants showing positive sentiments following the International Monetary Fund\u2019s (IMF) approval for a $1.2 billion loan for Pakistan. The benchmark KSE-100 Index […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-519146","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"\n