Overview
- The KSE-100 closed at 169,456.38, up 1,153 points or 0.69%, after the IMF board’s decision.
- The approval released about $1 billion under the EFF and roughly $200 million under the RSF, lifting total disbursements to around $3.3 billion.
- Market activity was robust with more than 1.02 billion shares traded and turnover near Rs51.1 billion.
- Local mutual funds drove the rally while foreign investors were net sellers of approximately Rs954.3 million.
- Gains were led by large caps in fertiliser, banking, cement, energy and telecom, with Fauji Fertiliser, Lucky Cement, HBL, PSO and Maple Leaf Cement among key contributors.