The benchmark KSE-100 index sustained its upward momentum, climbing 618.92 points or 0.38 percent to close at 162,875.92.
Widespread buying activity was observed across key sectors, including Automobile Assemblers, Cement, Commercial Banks, Fertilizers, Oil & Gas Exploration Companies, OMCs (Oil Marketing Companies), Power Generation, and Refineries. Shares of major companies such as ARL, HUBCo, MARI, POL, PSO, SNGP, SSGC, MCB, Meezan Bank, and UBL traded in the positive zone.
Boosted by IMF Presence
This rally comes as the *International Monetary Fund (IMF) mission, led by Pakistan Mission Chief **Eva Petrova, is currently in Islamabad. The mission is set to discuss the second review of the Extended Fund Facility (EFF) and the first review of the Resilience and Sustainability Facility (RSF). The delegation is expected to meet with Federal Finance Minister *Muhammad Aurangzeb today.
The PSX had already achieved new highs last week, with the KSE-100 index closing at *162,257 points, reflecting a significant weekly gain of *4,220 points or 2.67 percent. This previous surge was particularly prominent in the Exploration & Production, Power, and Banking sectors, largely supported by positive developments on the economic and political fronts.
