Karachi: The KSE-100 Index recorded a substantial gain of 794 points, closing at 164,742, with a total of 451 million shares traded in the market. The main trading activity was concentrated in the banking, oil marketing companies (OMCs), and technology sectors. Stocks of Sui Southern Gas Company (SSGC), JVDC, and GlaxoSmithKline (GLAXO) saw notable price increases, while IBFL, KTML, and TRG were the top decliners.

According to Taurus Securities Limited, the market's upturn was driven by strong performances in specific sectors, with significant trading volumes indicating robust investor interest. Despite certain stocks experiencing declines, the overall market sentiment remained positive, reflecting investor confidence in the economic outlook and sectoral growth prospects.