{"id":29175,"date":"2025-11-27T15:09:43","date_gmt":"2025-11-27T15:09:43","guid":{"rendered":"https:\/\/ipp-news.com\/?p=29175"},"modified":"2025-11-27T15:09:43","modified_gmt":"2025-11-27T15:09:43","slug":"psx-surges-past-165k-milestone-as-optimism-builds-over-imf-meeting","status":"publish","type":"post","link":"https:\/\/ipp-news.com\/?p=29175","title":{"rendered":"PSX surges past 165k milestone as optimism builds over IMF meeting"},"content":{"rendered":"<div>Pakistan\u2019s stock market surged with renewed vigour as the KSE-100 Index jumped 2,185 points to close at 165,373, marking a robust 1.34% gain. The benchmark reclaimed the psychologically important 165,000 level on a closing basis for the first time in 25 days\u2014since October 22\u2014easing rollover week concerns and signalling a strong bullish comeback.<\/p>\n<p>&#8220;The session opened on a strong footing and maintained its positive trajectory throughout the day,&#8221; said Ali Najib, Deputy Head of Trading at Arif Habib Ltd. &#8220;This rally was largely driven by optimism surrounding the IMF Board meeting scheduled for December 8, following Pakistan\u2019s Staff-Level Agreement (SLA) with the Fund for the second review of the $7 billion EFF programme and the first review of the $1.4 billion RSF facility.&#8221;<\/p>\n<p>Market sentiment was further buoyed by reports that the Reko Diq project is expected to achieve financial close within the next two weeks, securing $3.5 billion in funding for the multibillion-dollar copper and gold mining venture.<\/p>\n<p>Read: PSX sees strong rebound as investor confidence boosts index by 1,496 points<\/p>\n<p>This kept E&amp;P stocks in the spotlight, with PPL and OGDC jointly contributing 303 points. FATIMA and LUCK also attracted renewed buying interest due to their mining-linked exposure, together adding 331 points to the day\u2019s bull run.<\/p>\n<p>Market activity remained moderate, with 495.7 million shares traded and total turnover amounting to Rs30.5 billion. DSL led the volume chart with 48.4 million shares.<\/p>\n<p>As anticipated, the PSX crossed the 165,000 mark today. Looking ahead, the KSE-100 Index is likely to extend its bullish trend on Friday, supported by end-of-month window dressing. The index may even push above its current 160,000\u2013170,000 consolidation zone.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Pakistan\u2019s stock market surged with renewed vigour as the KSE-100 Index jumped 2,185 points to close at 165,373, marking a robust 1.34% gain. The benchmark reclaimed the psychologically important 165,000 level on a closing basis for the first time in 25 days\u2014since October 22\u2014easing rollover week concerns and signalling a strong bullish comeback. &#8220;The session [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-29175","post","type-post","status-publish","format-standard","hentry","category-english-news"],"_links":{"self":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/29175","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=29175"}],"version-history":[{"count":0,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/29175\/revisions"}],"wp:attachment":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=29175"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=29175"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=29175"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}