Today’s session saw the Pakistan Stock Exchange (PSX) reaching a new all-time high, briefly surpassing the 74,000 mark, driven by positive developments in discussions with the International Monetary Fund (IMF). The day concluded with Pakistan equities closing at 73,799 points, marking a 714-point increase or 0.98 percent rise.
According to Topline Securities, the optimistic sentiment stemming from IMF talks, renewed foreign interest at appealing valuations, and ongoing improvements on the macroeconomic front were key factors contributing to this milestone. Investors opted to bolster their equity holdings by purchasing blue-chip stocks across various sectors.
The Exploration & Production (E&P) and Fertilizer sectors made positive contributions, with companies such as POL, DAWH, ENGRO, PPL, and MARI collectively adding 307 points. However, there was some profit-taking observed in FFC, PAEL, and PIOC, resulting in a cumulative loss of 58 points in these stocks.