Karachi: The KSE-100 Index ended positively, gaining 158 points to close at 79,491, buoyed by investor optimism following the Finance Minister’s assurance of an impending IMF loan approval.

According to JS Global, the trading volume reached 536 million shares, indicating robust activity influenced by the expected approval of a new US$7 billion Extended Fund Facility (EFF) from the IMF this month. Market enthusiasm was evident across various sectors, with significant trading in shares of PACE, CNERGY, WTL, FCSC, and KEL. Analysts recommend a buy-on-dip strategy, particularly targeting the banking, exploration and production (E and P), and technology sectors.

The market dynamics reflect a positive outlook as the KSE-100 Index aims to maintain its upward trajectory amidst global financial adjustments and local economic reforms.