Karachi, December 9, 2025: The Pakistan Stock Exchange (PSX) surged to a new all-time high on Tuesday as investor sentiment turned upbeat following the International Monetary Fund’s (IMF) approval of a $1.2 billion loan tranche for Pakistan.
The benchmark KSE-100 Index closed at a record 169,456.38 points, up 1,153.14 points, or 0.69 per cent, from the previous close of 168,303.24. During the session, the index touched an intraday high of 169,601.03, gaining 1,297.79 points.
Market momentum strengthened after the IMF approved around $1 billion under the Extended Fund Facility (EFF) and an additional $200 million under the Resilience and Sustainability Facility (RSF). The move keeps the combined $8.4 billion IMF programme on track and significantly boosted investor confidence.
The rally was driven largely by strong and sustained buying from local mutual funds, which helped maintain positive momentum throughout the trading session. Major index heavyweights collectively contributed around 640 points to the benchmark’s gains.
Trading activity remained robust, with total volumes exceeding 1.02 billion shares and overall market turnover rising to Rs51.1 billion. K-Electric (KEL) led the volume chart, with 86.7 million shares traded.
Analysts said the record close reflects solid liquidity, improving macroeconomic indicators and renewed confidence following the IMF’s endorsement of Pakistan’s reform programme, reinforcing the bullish trend in the market.
In a statement, the IMF said its Executive Board had completed the second review of Pakistan’s economic reform programme under the EFF and the first review under the RSF. The decision allows for the immediate disbursement of about $1 billion under the EFF and around $200 million under the RSF, bringing total disbursements under the two arrangements to approximately $3.3 billion.
The IMF described the implementation of the loan programmes as “strong” and assured the government of continued support for its economic reforms. The latest disbursement is expected to further strengthen Pakistan’s foreign exchange reserves and support macroeconomic stability.
