The Pakistan Stock Exchange (PSX) saw a significant jump during intraday trade on Friday, with the KSE-100 index crossing the 82,000 mark.
Driven by optimism surrounding an anticipated IMF deal, the index surged by 770.68 points, or 0.95%, reaching 82,229.96.
Traders and analysts credited the bullish trend to improving economic conditions, including expectations of lower inflation and reduced interest rates. Major sectors like cement, commercial banks, fertilisers, and refineries led the gains, with heavyweights such as MEBL, UBL, ENGRO, and FFC performing well.
Investors are optimistic ahead of the IMF Executive Board’s review of Pakistan’s 37-month Extended Fund Facility (EFF), scheduled for September 25. The market momentum follows Thursday’s rise, when the index gained 997.95 points, closing at 81,459.29.