Stock market opens with expectations of recovery

KARACHI: The KSE-100 index at the Pakistan Stock Exchange (PSX) experienced fluctuating performance throughout August 2024, primarily influenced by anticipation surrounding the approval of the International Monetary Fund’s (IMF) Extended Fund Facility (EFF) and the expected disbursement of associated loans.

PSX August recap: IMF, privatisation, and forex reserves in focus

On Friday, the benchmark KSE-100 index closed at 78,488.21 points on a positive note and the market is expected to continue growth sentiment into September as well.

In the monthly wrap-up, the final trading day of August brought second consecutive positive session for the stock market, with the KSE-100 index rising by 138.55 points – on day-to-day basis and 601 points – on a month-on-month basis, to close at 78,488.21 points.