Karachi, March 14, 2025 – The KSE-100 index of the Pakistan Stock Exchange (PSX) surged by 442 points on Friday, fueled by optimism surrounding the anticipated disbursement of the second tranche under the International Monetary Fund (IMF) bailout program.
Investor sentiment remained positive as Pakistan moved closer to securing the next installment of the $7 billion IMF Extended Fund Facility (EFF).
The KSE-100 index closed at 115,536 points, marking an increase from the previous day’s closing of 115,094 points. Analysts at Topline Securities Limited noted that the ongoing optimism regarding Pakistan’s progress in meeting IMF conditions has bolstered investor confidence, prompting a rally in the stock market. The KSE-100 index registered a gain of 442 points, reflecting a 0.38% increase.
The market rally was primarily driven by key stocks, including MARI, FFC, EFERT, SYS, AIRLINK, and PAEL, which collectively contributed 426 points to the KSE-100 index. The positive momentum was further supported by expectations that Pakistan will successfully clear its first review under the IMF’s EFF program, unlocking much-needed financial support.
Trading activity remained robust, with the total traded volume reaching 360 million shares, while the overall traded value stood at Rs 21 billion. Among the most actively traded stocks in terms of value were MARI (Rs 2.68 billion), PSO (Rs 2.19 billion), MLCF (Rs 1.07 billion), DGKC (Rs 875 million), FCCL (Rs 848 million), and LUCK (Rs 612 million).
Market experts emphasized that the KSE-100 index’s upward trajectory is closely tied to Pakistan’s ability to meet IMF conditions and maintain macroeconomic stability. The IMF’s approval of the second tranche will play a crucial role in sustaining investor confidence and attracting further foreign inflows into Pakistan’s equity market.
As Pakistan continues its economic reforms under the IMF program, analysts expect the KSE-100 index to remain volatile yet bullish in the short term. Investors will be closely monitoring developments related to the IMF’s review process and policy measures aimed at strengthening Pakistan’s financial position. Any further progress on the IMF front is likely to provide additional momentum to the KSE-100 index in the coming weeks.