The PSX experiences persistent positive momentum despite negotiations with the IMF.
On Wednesday, the Pakistan Stock Exchange (PSX) experienced a positive trend, with the benchmark KSE-100 Index reaching 118,981 after an increase of almost 400 points.
Widespread purchasing was noted in essential sectors such as cement, commercial banking, electricity generation, and refining.
Additionally, index-heavy equities such as HUBCO, NRL, MARI, MEBL, NBP, and UBL had gains because to the $1 billion allocation for Pakistan under the Extended Fund Facility (EFF) from the International Monetary Fund (IMF).
The IMF delegation will commence discussions with Pakistani authorities today, focussing on the forthcoming budget for 2025-26.
It is important to note that bullish momentum persisted at the PSX on Tuesday, as investors capitalised on the US-brokered ceasefire accord between India and Pakistan, resulting in the benchmark KSE-100 Index ending at 118,575.88 points.
Read more: PSX surges beyond the 120,000 threshold on its path to recovery
