KARACHI — The Pakistan Stock Exchange (PSX) saw a volatile session on Wednesday, with the benchmark KSE-100 Index closing 210.36 points higher, or 0.13%, amid late profit-taking.
The market opened positively, driven by news that Pakistan and the International Monetary Fund (IMF) had reached a staff-level agreement (SLA) on the second review under Pakistan’s 37-month Extended Fund Facility (EFF) and the first review under the 28-month Resilience and Sustainability Facility (RSF). The KSE-100 reached an intra-day high of 167,561.69 points.
However, profit-taking in the latter part of the session trimmed the gains, and the index closed at 165,686.38.
The IMF statement confirmed that upon approval by the IMF Executive Board, Pakistan will access about $1.0 billion (SDR 760 million) under the EFF and $200 million (SDR 154 million) under the RSF, bringing total disbursements to about $3.3 billion.
On Tuesday, the PSX had witnessed a historic rebound, with the KSE-100 soaring by 7,032.60 points, closing at 165,476.02.
