KARACHI: Despite some benchmark slippages, better-than-expected smooth talks with the visiting International Monetary Fund (IMF) mission for the release of the second tranche of $1.1 billion enthused positive vibes among equity investors about the economic outlook, aiding the benchmark index maintain a bullish performance in the outgoing week.

Despite early volatility, the market turned bullish on reports that the government plans to reduce energy sector circular debt by negotiating a loan deal with the banks.

Arif Habib Ltd (AHL) said the market wrapped up the week positively, supported by improved domestic liquidity and favourable investor sentiment surrounding discussions on the IMF’s visit for the first review under the $7bn Extended Fund Facility.

Inflation in February slowed to 1.5pc year-on-year, the lowest since September 2015 (1.3pc). At Wednesday’s T-bill and Pakistan Investment Bond auctions, investors........

© Dawn Business