The stock market negotiated the area on Friday, publishing a mild recovery, as investors weighed progress at the Pakistani International Monetary Fund (IMF) revision of revisions against renewed geopolitical and ongoing global economic concerns.
During the Intraday negotiation, the KSE -100 index of the Pakistan Stock Exchange (PSX) reached a high 165,262.85 points, an increase of 732.05 points or 0.44%and dropped to low levels of 162,411.25 points, reflecting a decrease of 2,11,55 points, or 2,11,55 points, -1.29%, from the previous one closest than 164,530.
“Stocks are under pressure amid security unrest and geopolitical uncertainty,” said Ahsan Mehanti, CEO and CEO of Arif Habib Commodities.
“The weak global prices of crude oil and the weak global shares amid fears about the outcome of the US governments’ interruption, US invoices played a catalyst for Bearish activity on the PSX,” he added.
The closure of the US government entered the third week after the senators rejected a democratic funding bill once again, with President Donald Trump increasing pressure on democrats as public services remain trapped. The deadlock has upset world markets, raising concerns about fiscal stability and economic growth in the United States.
Behind the house, unresolved conversations between Pakistan and the IMF on a personnel agreement continued to weigh in emotion. Sources reported The news These disagreements continued in the external funding boards and the liberalization of the Governance and Corruption Evaluation Report (GCD), both the key components of the IMF economic and economic policies (MEFP).
Employees expressed optimism that these issues could be resolved within the next two weeks, paving the way for an agreement.
Meanwhile, the Pakistani State Bank (SBP) said that the remittances of employees abroad increased by 8.41% on an annual basis in the first quarter (July-September) of FY2025-26 to 9.54 billion.
September inputs amounted to $ 3.18 billion, up $ 11.33%, led by remittances from Saudi Arabia ($ 750.9 million), UAE ($ 677.1 million), the United Kingdom ($ 454.8 million) and $ 26 million.
Finance Minister Khurram Schehzad’s adviser said Pakistan has received $ 38.3 billion in remittances lately and expects inflows will exceed $ 41 billion this year.
SBP foreign exchange reserves increased by $ 20 million to $ 14.42 billion during the week ended on October 3, even after $ 500 million in Eurobonds. Total fluid stocks increased to $ 19.81 billion, while reserves owned by commercial banks fell $ 6 million to $ 5.39 billion.
On Thursday, the KSE-100 index had reduced 735.94 points or 0.45%to close to 164,530.81 points from 165.266.75 points at the previous meeting. The index recorded a high 166,729.97 points and a low 164,306.77 points.
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