Overview
- The KSE-100 closed at 165,373, up 2,185 points or 1.34%, marking its first finish above 165,000 in 25 days.
- Fertiliser, banking and oil and gas names led gains, with PPL and OGDC adding a combined 303 points and FATIMA and Lucky Cement contributing 331 points on mining-linked exposure.
- Turnover reached 495.7 million shares with traded value of Rs30.5 billion, with DSL leading volumes at 48.4 million shares.
- The advance followed Wednesday’s 1,496-point rebound as investors positioned ahead of the IMF Executive Board’s Dec. 8 meeting to consider Pakistan’s next tranche under the EFF and RSF.
- Sentiment remained cautious after foreign investors were net sellers of Rs856 million on Wednesday, with futures rollover and the SBP’s Dec. 15 policy decision flagged as near-term drivers.