- The index has reached an intradible level of 115,040.58; Day’s Low was held at 112,935.
- Trading has remained strong, with more than 185 million actions changing hands
- The IMF board of directors will meet on May 9 to discuss the staff agreement of $ 1.3 billion.
Karachi: the actions recovered heavy heavy losses on Tuesday, raised by optimism that a next meeting of the IMF board will probably approve a loan for Pakistan, because investors have apparently pushed the tensions of Pakistan-India for the moment.
The KSE-100 index of the Pakistan Stock Exchange (PSX) jumped 808 points, or 0.71%, to settle at 114,872.18 in the middle of sustained interest in higher investors and volumes.
The market rallied throughout the session, reaching an intraday summit of 115,040.58, a little less of its record levels, while the bottom of the day was 112,935.56.
Volumes have also inflated, with more than 185 million actions negotiated, generating a total value of 22.38 billion rupees. The previous fence was recorded at 114,063.90.
Analysts have assigned the resumption to the announcement that the IMF board of directors will soon meet to approve a loan of $ 1.3 billion for Pakistan and a new 28 -month support program to help the country to face long -term economic challenges.
The IMF board of directors is expected to meet on May 9 to discuss the $ 1.3 billion agreement in the staff level (SLA) with Pakistan as part of its rescue program in the process of 37 months.
The meeting, in accordance with the declaration published by the IMF, will be addressed to the installations of the extended fund in Pakistan (EFF), at the request of modification of the performance criteria and at the request of an arrangement under the installation of resilience and sustainability (RSF).
The lender based in Washington and Islamabad reached a SLA and agreed with the first loan facility for $ 7 in March. ALS, a 28 -month -old agreement, would support Pakistan’s efforts to mitigate and adapt to climate change, the IMF said at the time.
If it is approved by the IMF board of directors, Pakistan will have access to around 1 billion dollars under the efficient, which brings about $ 2 billion.
Before the next meeting, the Minister of Finance, Muhammad Aurangzeb, recently met the director general of the IMF, Kristalina Georgieva, on the sidelines of the WB / IMF 2025 spring meetings in Washington and reaffirmed the government’s commitment to reforms in the key sectors.
According to a Securities Topline report, the reference index experienced significant fluctuations during today’s session. He fell sharply by 1,128 points at the start of the day due to sales pressure, in particular leverage investors. However, the market showed a strong recovery in the second period, finishing the session at 114,872 points, a gain of 808 points or 0.71%.
“The feeling of the market has improved as the sale linked to the margin was held and investors began to buy quality actions at lower levels,” noted the report.
The brokerage said that the recovery was mainly motivated by key actions such as Engro Corporation, Mari Petroleum, Systems Limited, MCB Bank and Suit Northern Gas Pipelines.
“These actions alone contributed to around 760 points to the overall gain of the index, highlighting their strong impact on the market movement,” added the report.
The activity of investors has remained healthy, with a total of 408 million actions negotiated and a market turnover of 29 billion rupees. WorldCall Telecom has once again directed the volume table, with 29 million actions changing hands.