The Pakistan Stock Exchange (PSX) witnessed a significant rebound on Friday, with the KSE-100 Index gaining 2,419.2 points, or 2.33%, reaching an intraday high of 105,946.01. This recovery follows a sharp decline the previous day, which marked the market’s worst single-day drop in history.
Investor confidence was bolstered after a day of steep losses linked to geopolitical tensions. Analysts highlighted that the absence of any new escalations in the situation helped stabilize sentiment. Trading began on a strong note, with a 2% rise recorded within the first 30 minutes of the session.
Market participants are closely tracking the International Monetary Fund (IMF) Executive Board meeting scheduled for the day. Key decisions, including a disbursement of $1.3 billion under Pakistan’s Extended Fund Facility, as well as modifications to performance targets, are on the agenda. Should the proposal receive approval, the anticipated funding will likely elevate the total disbursements associated with the program to around $2 billion.
This comes just a day after the PSX faced a dramatic fall, with the KSE-100 Index losing 6,482.21 points, or 5.89%, triggering a circuit breaker that brought trading to a temporary halt. Despite the turbulence, Friday’s recovery has brought renewed optimism among market players.
