Karachi: The KSE-100 index gained 755 points, closing at 82,722, with 319 million shares traded. Fertilizer, cement, and technology sectors saw the highest activity in terms of trading volume. Among the top performers were Fauji Fertilizer Company (FFC), Nishat Mills Limited (NML), and Fauji Fertilizer Bin Qasim Limited (FFBL), while Mari Petroleum (MARI), TRG Pakistan (TRG), and Kohinoor Spinning Mills (KOSM) experienced notable declines.

According to Taurus Securities Limited, the State Bank of Pakistan’s reserves reached a two-and-a-half-year high. The central bank also plans to conduct another treasury bills buyback auction targeting Rs500 billion. Additionally, the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has called for a significant reduction in the interest rate.

In other developments, the government anticipates earning $200 million from meat exports to Malaysia, while Maersk has signed a memorandum of understanding to invest $2 billion in Pakistan’s maritime sector. Meanwhile, cement sales have declined, and cotton imports are expected to surge due to a 60 percent drop in domestic output.

Further updates include the launch of an 85 HP tractor by AGTL and the announcement from Air Link’s CEO confirming the import of two Xiaomi SU7 units, though speculation about an assembly plant was deemed premature.