Karachi: The KSE-100 Index experienced a modest gain of 343 points, closing at 130,687, with a significant volume of 897 million shares traded. The trading session saw notable price increases in AICL, GADT, and INIL, while BNWM, IBFL, and BAHL were among the top decliners. The trading activity was predominantly focused on the banking, technology, and food sectors.

In other economic developments, the government is considering addressing the Indus Waters Treaty dispute through the Indus Waters Commission. Meanwhile, the country's foreign exchange reserves have increased to $18 billion as of June 27.

The government is also seeking to forge deeper global partnerships in development finance and trade during the Fourth Financing for Development Conference (FFD4). However, the nation is currently dealing with an oversupply of liquefied natural gas (LNG).

In the corporate sector, a petition challenging the privatization of Pakistan International Airlines (PIA) has been dismissed. The government is also advocating for a transition to a cashless economy and has initiated taxation on all bank transactions.

In an effort to boost the e-commerce sector, the government is collaborating with Alibaba. However, there are reports that Microsoft has exited the Pakistani market after a 25-year presence, adding to concerns over the country's shrinking technology landscape.

The Securities and Exchange Commission of Pakistan (SECP) has simplified the process for issuing bonus and right shares, while Pakistan has assembled 12.05 million mobile phones between January and May. Ghani Global received SECP approval to issue shares following a Sukuk conversion, and Bank Makramah disclosed a Rs5 billion sponsor injection and a Rs12 billion property sale agreement.

Amidst these developments, the business community has threatened a nationwide strike, reflecting growing discontent with recent economic measures.