KARACHI: The Pakistan Stock Exchange (PSX) extended its bullish run during the outgoing week as investor sentiment strengthened following the International Monetary Fund’s (IMF) Executive Board approval of fresh financing and key policy measures to address structural bottlenecks.

According to Arif Habib Ltd (AHL), the benchmark KSE-100 index closed at an all-time high of 169,865 points, gaining 2,779 points, or 1.66 per cent, week-on-week. The rally was largely driven by the IMF board’s clearance of a $1.2bn disbursement under the Extended Fund Facility (EFF) second review and an additional tranche under the Resilience and Sustainability Facility (RSF).

The approval included waivers for missed conditions and coincided with a landmark Rs659.6bn settlement of power sector debt, easing long-standing concerns over circular debt.Market participation improved notably.

Average daily traded volume rose to about 1.03bn shares, reflecting a 52pc year-on-year increase, while average daily traded value climbed to Rs49.5bn, up 23pc over the previous week.

KSE-100 index adds 1.6pc in outgoing week

Topline Securities noted........

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