Karachi, In yesterday's trading session, the KSE-100 Index witnessed a modest gain of 29 points, closing at 60,531. The market saw a trading volume of 467 million shares.

According to Taurus Securities Limited, the top performers in terms of price change were BNWM, MTL, and FFBL, while JDWS, PGLC, and TRG experienced declines. The trading activity was predominantly concentrated in the Cement, Technology, and Food sectors.

Key news impacting the market includes the finalization of delimitation, brightening the prospects for polls in February. Diesel prices saw a reduction while petrol rates remained unchanged. The IMF projects Pakistan’s debt to be around Rs 82 trillion by the end of this fiscal year. The Federal Board of Revenue (FBR) exceeded its tax target, avoiding the need for a mini-budget. The Pakistani Rupee gained value as State Bank of Pakistan (SBP) reserves increased by $77 million. The government has ordered the availability of urea for the wheat crop. LPG prices have risen by Rs 45.18 per cylinder for December. Industrialists in Karachi announced a shutdown on December 4. Kabul increased customs duty on kinno by over 43%. The auto parts makers are facing disruptions and low volumes. The government plans to test-run sukuk auction ahead of bond launch. In November 2023, Foreign Institutional Portfolio Investment (FIPI) hit a 6-year high. Finally, FBR unblocked PIA’s bank accounts.

These developments are indicative of the dynamic nature of the Pakistani stock market and the economy as a whole.