The bulls commanded today’s trading session with remarkable strength, lifting the benchmark index to breathtaking new heights. After soaring to an intraday high of 1,297 points, the market closed at a record-breaking 169,456, gaining 1,153 points or 0.69%.
The rally drew further strength from the IMF’s approval of nearly $1.1 billion under the EFF and $220 million under the RSF, a decision that keeps the two loan programmes worth $8.4 billion firmly on track and boosted investor sentiment.
This stellar momentum was powered by robust and persistent buying from local mutual funds, which revived sentiment and kept the rally firmly anchored. Market heavyweights FFC, LUCK, HBL, PSO, and MLCF led the advance, collectively contributing roughly 640 points to the benchmark’s impressive rise.
Participation remained vibrant, with total volumes hitting 1,022 million shares, while overall turnover surged to Rs 51.1 billion. KEL stood out as the session’s volume leader, with 86.7 million shares traded.
With strong flows, encouraging macro signals, and reinvigorated sentiment, today’s record close reinforces the bullish momentum carrying the market forward.
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there’s a correlation between whenever the news of clamping down on the Fasadi of adiala comes, and the surge of PSX. Markets react positively on any news which relates to tightening the screws of Imm the dim.