KARACHI: The Pakistan Stock Exchange (PSX) opened with strong bullish momentum, as the KSE-100 Index surged ahead of the International Monetary Fund (IMF) executive board meeting, which is expected to discuss the loan package for Pakistan.
The index jumped by 428 points, reaching a record high of 81,912 points during intraday trading.
Positive market sentiment was evident from the start, with the index initially rising by 251 points, trading at 81,735 points early in the session.
This surge was driven by investor confidence, buoyed by optimism about the country’s economic outlook and improved market liquidity.
Market analysts attribute the positive trend to favorable global market conditions and increased local investor interest, especially in key sectors such as banking, energy, and cement.
The bullish momentum is expected to continue, as both institutional and individual investors show strong interest in blue-chip stocks.
By midday, heavy buying in major stocks further boosted the index, solidifying the PSX’s position as one of the region’s top-performing markets.
Read more: IMF to Meet for Approval of $7bn Loan for Pakistan
