The Pakistan Stock Exchange (PSX) on Tuesday responded positively to the approval of $1.2 billion loan tranche from the International Monetary Fund’s (IMF) as the benchmark KSE-100 Index surged nearly 900 points in early trade.
At 10:41am, the benchmark index was trading at 169,146.91, up 843.67 points, or 0.5%.
Buying interest emerged across several key sectors — including cement, commercial banks, fertiliser, oil and gas exploration, OMCs, power generation and refineries. Major index movers such as HUBCO, MARI, OGDC, POL, PPL, MCB, MEBL, NBP and UBL all traded in positive territory.
On Monday, the PSX opened the week on a firm and upbeat footing as equities recorded strong gains across major indices, buoyed by improved investor sentiment and growing institutional participation. The benchmark KSE-100 Index jumped 1,217.67 points to close at 168,303.25.
Meanwhile, the Pakistani rupee inched higher against the US dollar, appreciating 0.06% during early trading in the inter-bank market on Tuesday. By 10am, the local currency stood at 280.23, marking an increase of Re0.18 against the greenback.
