KSE-100 Rises 491 Points on Positive IMF Fund News

Staff Report:
The KSE-100 index rose by 491 points (0.63%) on Wednesday, closing at 78,848 after reaching an intraday high of 534 points. This positive momentum followed remarks by the Finance Minister indicating that the IMF’s $7 billion Extended Fund Facility approval is on track, with Pakistan nearing assurances on external financing.

Key stocks, including MARI, OGDC, EFERT, LUCK, and BAHL, drove the market’s rise, contributing 290 points to the index.

Trading was robust, with 969 million shares changing hands, totaling Rs 17 billion. WTL led the volume with 234 million shares traded.