The Pakistan Stock Exchange (PSX) witnessed a strong bullish rally on Thursday, with the benchmark KSE-100 index soaring 1,162 points at its intraday high before settling at 115,094, posting a 1,009-point gain (0.89%) by the close.

Market experts attributed the surge to growing investor confidence in a smooth conclusion of the ongoing International Monetary Fund (IMF) review, triggering aggressive buying across key sectors.

According to Topline Securities, the rally was led by FFC, PSO, LUCK, ENGROH, and MARI, which collectively added 506 points to the index.

Trading activity remained robust, with 382 million shares exchanged, generating a Rs25.4 billion turnover. BOP led the volume charts with 48 million shares traded.

Ahsan Mehanti of Arif Habib Corp highlighted multiple factors behind the rally, including Moody’s upgrade of Pakistan’s banking sector outlook from stable to positive, reflecting improving financial and macroeconomic conditions.

“Speculation over the resolution of the power sector’s circular debt ahead of next month’s IMF tranche release and a rise in global crude oil prices also played a key role in driving the bullish momentum,” he added.

Read more

Shares at PSX increase as SBP decreases policy rate

PSX sees bullish trend as political tensions ease

PSX’s benchmark index settles at 93,291.68 points

An IMF team led by Mission Chief Nathan Porter is in Pakistan for the first review of the $7 billion Extended Fund Facility secured last year.

The successful completion of this review could lead to the release of the next $1 billion loan tranche, supporting economic stability.

The PSX experienced a mixed session on Wednesday, with the KSE-100 Index closing down 93.12 points, or 0.08%, at 114,084.54 points.