On Thursday, the Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index rose by 1,162.86 points (1.02%), reaching an intraday high of 115,247.39.
Investor sentiment was bolstered by Moody’s Ratings upgrading Pakistan’s banking sector outlook to positive, reflecting improved macroeconomic conditions and the sector’s resilience.
Additionally, optimism about resolving the energy sector’s circular debt crisis contributed to increased activity in energy stocks.
Anticipation of a favourable International Monetary Fund (IMF) review, potentially unlocking the next loan tranche, further enhanced market confidence.
