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Pakistan Stocks Edge Higher as Profit-Taking Checks Rally After IMF Boost

Early optimism tied to a staff-level IMF deal gave way to profit-taking.

Overview

  • The KSE-100 added about 210 points to close at 165,686, consolidating after a prior 7,000-point surge and moving between 167,562 and 165,357 intraday.
  • Trading activity strengthened with roughly 1.53 billion shares changing hands and about Rs68.6 billion in value.
  • Banks and select large caps drove gains, with UBL reporting stronger-than-expected earnings and support from fertiliser and energy names.
  • The exchange said 62% of traded equity value was in Shariah-compliant stocks and conducted its first Bai’ Muajjal auction.
  • Foreign investors recorded net selling of around Rs1.6 billion, while 249 of 489 traded companies advanced.