- The KSE-100 index ends at 116,199.59, up 663 points.
- Intraday High reaches 116,626.82, up 1,090 points.
- The reference index sees an intra -day hollow of 115,883.22.
The scholarship opened the week on an upward note, continuing its momentum because the feeling of investors was supported by the progress of negotiations between the Pakistani authorities and the International Monetary Fund (IMF), as well as renewed optimism surrounding the resolution of circular debt in the energy sector.
The Pakistan Pakistan Pakistan Benchmark KSE-100 index of Pakistan has won 663.43 points, or 0.57%, to end at 116 199.59, against the previous fence of 115,536.16.
The index reached an intraday summit of 116,597.89, while the lowest level recorded during the session was 115,883.22. Analysts have linked the two main factors to assemble the IMF loan program and the ongoing discussions on the fight against circular debt.
“One of the reasons is mainly the development concerning the IMF, in particular the significant progress observed in the agreement at the level of staff (SLA). Second, the news in progress on the circular debt, which has been circulating for a few weeks. These are the two main reasons that lead the market, “said Sana Tawfik, research manager at ARIF Habib Limited.
The IMF and the Pakistani authorities have reported major progress over the weekend to reach a staff level agreement on the first 7 billion dollar program in Pakistan. According to the IMF mission chief Nathan Porter, discussions on policies will continue via a video conference in the coming days to finalize the agreement.
If the IMF is disconnecting from the exam, Pakistan should receive around $ 1 billion such as the next rescue package, a decision considered crucial to stabilize the country’s external finances.
Meanwhile, the efforts to manage the circular debt of the energy sector continued to draw attention. The energy division of the energy ministry informed the National Assembly last week that the circular debt had decreased by 9 billion rupees during the first half of the financial year, from RS2.393 billion in June 2024 to Rs2.384 billion in December 2024. The government awarded this decline to the reforms and financiers in progress.
Despite this progress, the concerns remain as the authorities explore a borrowing plan of 1.2 billion of rupees with commercial banks to tackle circular debt. The IMF has raised objections to this approach, wondering how the Central Electricity Purchase Agency (CPPA) would both finance interest and main reimbursements if the request for electricity decreased in the coming years.
The PSX ended the previous week on a positive note, the KSE-100 index winning 442 points on Friday, ending at 115,536.16, against 115,094.24 in the last session.
Throughout the week ending on March 14, 2025, the reference index displayed a net gain of 1,137 points, or 1% of week on week.