The market experienced volatility during the week ended on May 24, 2024 due to a lack of progress in negotiations between the Pakistan Government (GoP) and the International Monetary Fund (IMF) regarding the staff level agreement. Despite the talks, both the parties denied officially labeling the discussions as negotiations, contributing to uncertainty and fluctuations in the market.

However, Friday saw news of progress on a new EFF program emerged, boosting market confidence and leading to the KSE-100 Index achieving its highest-ever closing. This positive development counteracted previous market volatility, signaling optimism among investors regarding the economic outlook and financial stability. Overall, the benchmark index closed at 75,983 points on Friday, with a gain........

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