PSX shares rise as the KSE-100 surpasses 119,000.

Following a pessimistic trend the day before, the Pakistan Stock Exchange (PSX) saw a notable comeback on Thursday.

In anticipation of more gains after the International Monetary Fund (IMF) released the loan tranche, the KSE-100 index increased by more than 1,100 points to surpass the 119,000 mark during intraday trade.

The 100-Index saw a bearish trend the day before, closing at 118,536.53 points after dropping 39.36 points, or 0.03 percent.

While the price of the shares was Rs 41.913 billion, a total of 609,063,142 shares were traded.

As many as 451 companies had transacted their shares in the stock market, 207 of them recorded gains and 191 sustained losses, whereas the share price of 53 companies remained unchanged.

Tranche of IMF Loans

The second tranche of $1.023 million from the International Monetary Fund (IMF) under the Extended Fund Facility (EFF) program was delivered to the State Bank of Pakistan (SBP) one day prior.

According to a statement from the bank, the sum will be included in SBP’s foreign exchange reserves for the week ending May 16, 2025.

A $1 billion payout for Pakistan under the EFF was formally approved by the IMF’s Executive Board last week, which is a major step in the nation’s continuous attempts to stabilize its economy.

After Pakistan successfully met important performance criteria, the tranche was approved. The 37-month-long EFF program is intended to assist nations who are having balance-of-payment issues.