Buying returns to bourse, KSE-100 up over 900 points in early trade

After days of selling pressure, buying returned to the Pakistan Stock Exchange (PSX) amid optimism over the release of funds from the International Monetary Fund (IMF), with the benchmark KSE-100 gaining over 900 points during the opening minutes of trading on Wednesday. At 9:35am, the benchmark index was hovering at 169,329.62, up by 917.39 points or 0.54%. “Reclaiming and holding the 169,000 level is a very positive technical sign,” said Behtari Capital on Wednesday. “We are now consolidating for a potential run back toward the 170K psychological barrier. With the IMF providing relief on gas and the SECP modernising market access, the buy-the-dip strategy has paid off.”