The Pakistan Stock Exchange reached a new milestone on Tuesday. The benchmark KSE-100 Index closed at a record 169,456.38 points. The market gained 1,153.14 points, marking a strong 0.69% rise from the previous close.
The index also touched an intraday high of 169,601.03 points, which highlighted intense buying activity.
IMF Approval Sparks Strong Market Momentum
The rally gathered speed soon after the IMF cleared nearly $1.2 billion for Pakistan. The amount includes support under the Extended Fund Facility and the Resilience and Sustainability Facility.
This approval kept the overall $8.4 billion programme on track. Consequently, investor trust increased further.
Moreover, the IMF will soon release $1 billion under EFF and $200 million under RSF, raising total disbursements to $3.3 billion. The IMF praised Pakistan’s reform progress and reaffirmed its support.
Robust Buying Drives the Uptrend
The latest surge was largely powered by consistent buying from local mutual funds. Their strong presence helped maintain momentum throughout the session.
Major index-heavy stocks contributed nearly 640 points to the index. The broad-based participation showed clear confidence in Pakistan’s improving economic outlook.
Trading Activity Remains Strong
Trading stayed vibrant during the session. Total share volumes crossed 1.02 billion. Meanwhile, turnover increased to Rs51.1 billion, showing healthy liquidity levels.
K-Electric led the volume charts with 86.7 million shares traded, keeping market activity energetic through the day.
Improving Indicators Reinforce Bullish Sentiment
Better liquidity conditions supported the rally. Additionally, Pakistan’s improving macroeconomic indicators strengthened investor optimism. The IMF’s backing also boosted sentiment.
Together, these factors pushed the KSE-100 Index to its highest-ever close and reinforced the ongoing bullish trend.
IMF Notes Strong Progress in Reforms
The IMF said that Pakistan’s reforms under both loan programmes showed strong implementation. The lender confirmed that the latest approval allows immediate disbursement of funds. This support is expected to improve Pakistan’s foreign exchange reserves in the coming weeks.
With this development, investors expect continued stability in the financial markets.
