Web Desk | Karachi, Pakistan Pakistan’s stock market showed strong gains following positive developments in negotiations with the International Monetary Fund (IMF).
The Pakistan Stock Exchange (PSX) initially opened in negative territory, with the KSE-100 index dropping by 1,178 points. However, trading quickly reversed, and the index rose 1,036 points to reach 156,894.
The IMF issued a statement recognizing Pakistan’s progress in reforms and commending the country’s performance in the environmental sector. Officials described the latest review discussions as “encouraging,” signaling continued support for Pakistan’s economic program.
Meanwhile, geopolitical tensions in the Middle East impacted global stock markets. Australia’s ASX fell 1.56% to 8,606, Japan’s Nikkei dropped 1.6% to 54,150, China’s Shanghai Exchange declined 0.64% to 4,106, Thailand’s SET slipped 0.25% to 1,403, South Korea’s KOSPI fell 1.14% to 5,546, and India’s BSE Sensex dropped 1.08% to 76,045.
Analysts suggest that while Pakistan’s local market responded positively to IMF developments, international equities continue to reflect regional instability and investor caution.
