The Pakistan Stock Exchange (PSX) continued its positive momentum, buoyed by last week’s key catalysts of interest rate cut and Pakistan’s inclusion on the IMF executive board agenda.

Consequently, the benchmark index reached an all-time high, closing at 82,074 points with a weekly gain of 2,741 points, up 3.5%WoW.

Overall, the bullish sentiment was predominantly driven by high-dividend-yielding sectors including Banks, E&P, and Fertilizers, as falling fixed-income yields led to a rerating of these sectors.

Current account balance for August 2024 posted a surplus of US$75 million, largely underpinned by a 40%YoY increase in remittances. Additionally, exports also remained higher during the month, with growth largely........

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