The Pakistan Stock Exchange experienced a positive trend as the benchmark KSE-100 Index reached nearly 44,000 points. Sectors like commercial banks, cement, chemicals, telecommunication, and oil and gas exploration companies were performing well, while automobile assemblers remained in decline. However, the index later dropped to around the 43,900-point mark. This bullish run is attributed to investors’ anticipation of the IMF approving a $3 billion loan during an upcoming Executive Board meeting on July 12. The meeting was confirmed by the lender through an email to journalists. Pakistan had already obtained staff-level approval from the IMF last week. Please note that this update is applicable only for the current trading day.
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