Karachi: The KSE-100 index reached a new all-time high of 82,248, closing with an impressive gain of 764 points. The market showed strong upward momentum, peaking at 82,332 during the trading day, bolstered by investor optimism about potential positive outcomes in ongoing discussions with the International Monetary Fund (IMF) on the Extended Fund Facility (EFF).

According to JS Global, “The market’s robust performance was particularly notable in the Banking, Exploration and Production (E and P), Power generation, and Fertilizer sectors. Key volume leaders included OGDC, HBL, ENGRO, and TRG.” Market analysts from JS Global recommend maintaining a buy-on-dips strategy, focusing on sectors that continue to show strong growth potential.

The report also highlighted significant activity in government securities with substantial amounts raised in T-Bill and Pakistan Investment Bonds (PIBs) auctions during the first quarter of fiscal year 2025. Notably, the T-Bill 3M, 6M, and 12M issues raised Rs 464 billion, Rs 948 billion, and Rs 1,098 billion respectively, while fixed and floating PIBs also saw considerable interest.

This financial upswing comes amid a broader economic context where Pakistan has been engaging with international financial institutions and bilateral partners to stabilize its economy and secure additional funding, as evidenced by the disbursement of foreign assistance in various forms including grants, loans, and time deposits.