IMF loan approval propels PSX to new high

Bulls took the driving seat at the Pakistan Stock Exchange (PSX) on Tuesday as the market surged to new highs following approval of $1.3 billion in loan tranches under two different programmes by the International Monetary Fund (IMF). The benchmark KSE-100 index rose 1,153 points, or 0.69%, to reach an all-time high at 169,456. Support came from consistent stock buying by local mutual funds and investor interest in market heavyweights. Other factors propelling the index higher included a 9% year-on-year (YoY) increase in remittances for November 2025 and an understanding reached between Pakistan and Indonesia to ramp up bilateral trade and strengthen cooperation in major social sectors. "Bulls ignited a record-breaking surge at the PSX," remarked Topline Securities in its market review. "They commanded Tuesday's trading session with remarkable strength, lifting the benchmark index to breathtaking new heights," it said.