KARACHI — The Pakistan Stock Exchange (PSX) saw a volatile session on Thursday, with the benchmark KSE-100 Index closing at 164,530.80 points, down 735.94 points, or 0.45%.
The market opened positively, reaching an intra-day high of 166,729.97 points, before brackly news-taking drove the index to an intra-day low of 164,306.76 points.
The IMF and Pakistani authorities reportedly made significant progress toward a staff-level agreement (SLA) under the 37-month Extended Fund Facility (EFF) and 28-month Resilience and Sustainability Facility (RSF), the lender said after concluding its mission.
“The IMF mission and the Pakistani authorities made significant progress toward reaching an SLA on the second review under the 37-month EFF and on the first review of the 28-month RSF. Program implementation remains strong and broadly aligned with the authorities’ commitments,” the IMF stated.
On Wednesday, the PSX also recorded a volatile session, with the KSE-100 Index closing at 165,266.75 points, down 907 points, or 0.55%, as institutional selling offset early gains.
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