Karachi: The Karachi Stock Exchange experienced a significant surge as the KSE100 index rose by 3.51%, closing at 115,259.00 points. Meanwhile, the KSE30 index saw a 3.60% increase, reaching 36,299.91 points. Market capitalization in local currency increased by 3.06% to Rs 14,558.81 billion.

According to JS Global, the market's upward momentum was driven by gains in key stocks such as CNERGY, which soared by 14.11%, BOP with an increase of 10.44%, and PGLC rising 10.01%. The market's total trading volume hit 1,059.02 million shares, with a total value of Rs 40.89 billion, equivalent to US$ 147.06 million.

The year's performance has been robust, with year-to-date gains reaching 84.56% for the KSE100 index and 74.72% for the KSE30. The market's capitalization in US dollars stands at $52.36 billion. The indices' performance reflects a strong investor confidence, marking a 52-week high for both indices, with the KSE100 index previously peaking at 116,169.41 points.

Despite the overall positive trend, some stocks faced declines. TRG closed down by 4.21%, PABC fell by 1.64%, and JVDC decreased by 1.39%. The market's average daily trading activity over the past year saw an uptick, with average daily traded value reaching Rs 22.30 billion.

Regional markets presented a mixed picture, with China's SSEA gaining 0.2% and Malaysia's KLSE up by 0.6%, while India's BSESN and Korea's KOSPI experienced declines. The Karachi Stock Exchange's performance highlights its resilience and attractiveness amidst global market fluctuations.