KARACHI – The Pakistan Stock Exchange (PSX) continued its bullish run on Thursday after investor confidence was boosted by the staff-level agreement between Pakistan and the International Monetary Fund (IMF) for a $1.2 billion loan package.
During intraday trading, the KSE-100 index surged by 685.25 points, reaching 166,371.63 points, up 0.41 percent from the previous close of 165,686.38 points.
The upward trend follows Wednesday’s session, when the benchmark index had already gained 210.36 points, reflecting a consistent wave of optimism in the market.
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According to PSX data, 1.52 billion shares were traded throughout the day, compared to 1.18 billion in the previous session. The total value of traded shares rose to Rs68.60 billion, up from Rs59.20 billion a day earlier.
Out of 489 companies that traded their shares, 249 recorded gains, 204 sustained losses, while 36 remained unchanged.
Market analysts attributed the rally to renewed confidence in Pakistan’s economic outlook following the IMF agreement, which is expected to stabilize foreign reserves, strengthen the rupee, and encourage further investment inflows in the coming weeks.