IMF Triggers Pullback Pakistan Market
Staff Report
The local stock market performed strongly, with the benchmark index reaching a high of 1,588 points. It closed at 117,772 points, marking a gain of 1,139 points (0.98%). The surge was fuelled by investor optimism following a staff-level agreement with the IMF, which boosted market confidence.
The market’s gains were primarily driven by UBL, OGDC, PPL, MEBL, and MARI, which together contributed 883 points to the index.
A total of 355 million shares were traded, with a turnover of Rs 37 billion. PAEL led the volume chart, with 29 million shares exchanged.
