FLASHNEWS:

KSE-100 Index Surges as Investors Focus on Tech and Energy Sectors

Karachi: The KSE-100 index climbed 983 points yesterday, closing at 114,230, with a trading volume of 520 million shares. The market's momentum was driven by significant activity in the Technology, Refinery, and Oil and Gas sectors, marking a day of robust trading.

According to a statement by Taurus Securities Limited, the top performers in terms of price change included SRVI, PGLC, and SEARLE. Conversely, stocks such as ENGROH, JDWS, and PKGP experienced declines.

The sharp increase in the index reflects a heightened investor interest in key sectors, with Technology and Energy leading the way. This rally comes amid broader discussions on economic strategies, including the State Bank of Pakistan's aim for increased financial inclusion and recent developments in bilateral trade ties.

Additionally, the market activity may have been influenced by global economic factors, such as potential disruptions in oil supplies to China and India and local developments, including the discovery of significant gold deposits in Attock.