Overview
- The benchmark index added 1,171 points, or 0.72%, to finish at 162,803 after touching an intraday high of 163,935.
- Gains were broad, led by banks, energy, cement, autos, fertilizer, power and refineries, with HUBCO, ARL, Mari Petroleum, OGDC, PPL, POL, HBL and NBP among notable contributors.
- Sentiment strengthened on expectations of IMF inflows, a stable rupee and firmer international oil prices.
- SBP Governor Jameel Ahmad indicated an IMF board meeting could occur by December to approve roughly $1.2 billion under the EFF and RSF.
- After Friday’s 4,899-point rebound, analysts see consolidation near 160,000–170,000 as investors watch IMF timing, quarterly results and regional developments; weekly SPI rose 0.12% week-on-week and 5.05% year-on-year, with one report citing October inflation at 6.2%.