PSX extends rally amid positive sentiment, momentum

The KSE-100 Index continued its bullish run on Wednesday, closing at 121,798.86 points, up 1,347.99 points (1.12%) from the previous close. The index hit an intraday high of 121,882.47 points, marking a 1.19% gain, while the session’s low was 120,896.13 points.

Key Drivers:
Circular debt payment and rumors of tax reductions fueled investor optimism.

Encouraging cement and fertilizer demand contributed to the rally.

Technical triggers from new highs added momentum.

Government & Economic Developments:
PM Shehbaz Sharif announced successful IMF budget talks, shifting focus to sustainable growth.

IMF reportedly dropped its demand for a FED increase on fertilizer, benefiting the agriculture sector.

ADB approved an $800 million package for Pakistan’s fiscal consolidation, including tax policy and digital governance reforms.

Previous Session (Tuesday):
The KSE-100 Index surged 1,573.07 points (1.32%), closing at 120,450.87 points, marking an all-time high.