Karachi: The KSE-100 Index saw a substantial increase of 883 points, closing at 185,088 with a trading volume of 738 million shares. The top performers by price change included SAZEW, FATIMA, and PGLC, while MUREB, IBFL, and UPFL experienced declines. Trading activity was predominantly focused on sectors such as Investment Banks, Power, and Oil Marketing Companies.

According to Taurus Securities Limited, the market's upward movement comes amid a backdrop of various economic developments, including news that Iran and the United States are scheduled to hold nuclear talks on Friday. Additionally, former President Donald Trump announced the reduction of tariffs on India, attributing it to an expected halt in India's procurement of Russian oil. Meanwhile, the government borrowed Rs300 billion in debt over the past week, and Pakistan's short-term foreign exchange liabilities surpassed $31 billion.

Other notable economic updates included a 34.96 percent month-on-month increase in January exports, a 5.8 percent rise in inflation for the same month, and the Economic Coordination Committee's clearance of four major projects valued at over Rs240 billion. The State Bank of Pakistan aims to raise approximately Rs5.1 trillion, according to its auction calendar for February to April. Additionally, the UAE has extended a $2 billion loan to Pakistan for another month, and the textile sector is seeking leniency on Super Tax payments.