The Pakistan Stock Exchange has exceeded the significant milestone of 64,000 points.

The KSE-100 index, the benchmark for the Pakistan Stock Exchange (PSX), has continued its upward trajectory, drawing investor interest following the successful conclusion of a staff-level agreement with the International Monetary Fund (IMF). At 09:48 am, the KSE-100 index exhibited a notable increase of 413 points, reaching 64,330. The market had previously closed at 63,917.72 points, marking a gain of 961.70 points on the preceding Wednesday.

During the trading day, a substantial volume of 984,813,834 shares, valued at Rs 35.094 billion, changed hands. A total of 383 companies participated in share transactions, with 258 companies witnessing gains, 117 experiencing losses, and the share prices of 8 remaining unchanged on the Pakistan Stock Exchange.

Sources indicate that the approval of the International Monetary Fund (IMF) Executive Board for the disbursement of a loan to Pakistan is anticipated later this month. Following this approval, an approximate sum of US$700 million is expected to become available to Pakistan, contributing to a cumulative disbursement of nearly US$1.9 billion under the program.