Pakistan Stock Exchange Gains Amid Positive IMF Negotiations

KARACHI: (Web Desk) – Positive developments in Pakistan’s negotiations with the International Monetary Fund (IMF) are boosting investor confidence in the Pakistan Stock Exchange (PSX).

The market opened lower on Thursday, with the KSE-100 index falling by 1,178 points. However, sentiment improved as the day progressed, and the index later climbed 1,036 points to reach 156,894, reflecting optimism over Pakistan’s economic reforms.

The IMF issued a statement following the third review of its program with Pakistan, commending the country’s strong performance in implementing reforms and improving environmental and governance sectors.

PSX Gains Over 2,000 Points as Bulls Maintain Strong Market Control

Meanwhile, global markets are feeling the impact of ongoing conflict in the Middle East. Australia’s ASX dropped 1.56 percent to 8,606, while Japan’s Nikkei fell 1.6 percent to 54,150. China’s Shanghai Composite declined 0.64 percent to 4,106, and Thailand’s SET fell 0.25 percent to 1,403. South Korea’s Kospi dropped 1.14 percent to 5,546, while India’s Bombay Sensex decreased 1.08 percent to 76,045.

Analysts note that while domestic markets are buoyed by IMF-related optimism, international indices remain under pressure from geopolitical tensions in the region.