The Pakistan Stock Exchange (PSX) closed at a record high on Tuesday as investors celebrated the International Monetary Fund’s (IMF) latest approval of loan disbursements for Pakistan, igniting strong buying across the market.
The benchmark KSE-100 Index surged to 169,456.38 points, gaining 1,153.14 points or 0.69% from the previous close. The index briefly touched an intraday peak of 169,601.03, reflecting continued bullish sentiment throughout the session.
Market confidence strengthened after the IMF cleared nearly $1.2 billion in fresh funding — including $1 billion under the Extended Fund Facility (EFF) and $200 million under the Resilience and Sustainability Facility (RSF). The approval keeps Pakistan’s combined $8.4 billion programme firmly on track and is widely seen as a major boost for the country’s economic stability.
Strong Local Buying Drives Rally
Analysts said aggressive buying by local mutual funds was a key driver behind the day’s rally, with major index-heavy sectors contributing nearly 640 points to the benchmark. Trading activity remained vibrant, with volumes exceeding 1.02 billion shares and total turnover rising to Rs51.1 billion.
K-Electric (KEL) led the session in terms of activity, clocking 86.7 million shares as the day’s volume leader.
IMF Praises Pakistan’s Reform Progress
In its statement, the IMF said its Executive Board had completed the second review of Pakistan’s EFF-supported programme and the first review under the RSF. The Fund described Pakistan’s reform implementation as “strong” and reaffirmed its commitment to supporting the country’s economic agenda.
The latest disbursement brings total releases under the ongoing programmes to $3.3 billion, offering a further cushion to Pakistan’s foreign exchange reserves and bolstering market optimism.
Bullish Momentum Reinforced
With improved liquidity, rising confidence and supportive external financing, analysts believe the PSX’s record close signals continued upward momentum. The combination of macroeconomic stabilization and committed IMF support is expected to sustain investor interest in the coming sessions.
