Following the recent agreement between Pakistan and the International Monetary Fund (IMF), the Pakistan Stock Exchange (PSX) saw a surge in activity. The PSX 100 Index skyrocketed to a record high during early trading, but later reversed, ending the day with a 589-point decline.
The positive sentiment in Pakistan’s financial markets was largely driven by the IMF’s announcement of a $7 billion bailout package, along with praise for the country’s ongoing economic reforms. The IMF acknowledged the efforts of the Pakistani government, noting that the economy is stabilizing, with inflation easing and growth prospects improving.
IMF Managing Director Kristalina Georgieva congratulated both the Pakistani government and its citizens, emphasizing that the economic reforms undertaken are steering Pakistan’s economy in the right direction. Her comments fueled optimism across financial markets, including the PSX.
At the start of trading today, the PSX 100 Index surged as investor confidence soared. At one point, the index reached an all-time high of 82,905 points, gaining 658 points — the highest level in the PSX’s history.
However, as trading continued, market volatility took over. The 100 Index lost momentum, dropping by 589 points and closing the day at 81,657. A total of 420 million shares were traded during the session, with the transaction volume amounting to 17.66 billion rupees. Market capitalization rose by 71 billion rupees, bringing the total to 10,713 billion rupees.
This market activity followed another strong session yesterday, where the PSX 100 Index had closed with a 764-point gain, settling at 82,247 points. The day saw 420 million shares traded, with a total value of 18.38 billion rupees. The market capitalization had also jumped by 99 billion rupees, reaching 10,784 billion rupees.