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10h ago

PSX Closes Up 1.5% as Ceasefire, IMF Progress Lift Sentiment

Banking strength reflected improved sentiment following a Doha ceasefire alongside IMF staff-level progress.

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Overview

  • The KSE-100 finished at 166,242.90, up 2,436.69 points or 1.49%, after touching an intraday high of 166,421.33.
  • Large banks led the advance, with heavy trading and strong gains in names such as Habib Bank and Bank of Punjab.
  • Pakistan and Afghanistan agreed to an immediate ceasefire in Doha, with follow-up talks scheduled for October 25 in Istanbul, according to the defence minister.
  • The IMF reached a staff-level agreement covering the EFF second review and the first under the RSF, alongside FY26 projections of 3.6% GDP growth and 6% inflation.
  • Financing and FX signals supported risk appetite as SBP reserves edged up to $14.4 billion, the rupee closed near 281.1 per dollar, and the government raised Rs507 billion in PIBs and Rs776 billion in T-bills with PIB yields up 13–21 bps.