Karachi: The KSE-100 index saw a substantial gain of 1,275 points, closing at 101,357 on Friday, with a total of 915 million shares being traded. The surge was led by notable performances from companies such as JVDC, SRVI, and SEARL, while TRG, PGLC, and JDWS experienced declines. Trading activity was primarily concentrated in the banking, technology, and oil marketing company sectors.

According to Taurus Securities Limited, a number of economic developments were highlighted in a recent market report. The Finance Ministry foresees a potential easing of inflation to a range of 5.6-6.5% by December. Additionally, the government is exploring the possibility of securing financing from Russia, while Pakistan and Azerbaijan have agreed to collaborate on joint projects. Meanwhile, petrol prices have increased by Rs3.72 per liter, and revenue collection by the Federal Board of Revenue for November fell short of its target.

In the energy sector, there was a modest increase in LPG prices by Rs0.11 per kilogram for December. As discussions with independent power producers continue, energy official Leghari remains hopeful for more affordable electricity. A new grid station in Lahore is expected to commence operations next month.

The Governor of the State Bank of Pakistan has urged banks to adopt technological advancements and enhance support for the agriculture and SME sectors. In trade, exports to North America have risen by 9%. Other notable economic activities include the launch of Pakistan's first electric SUV, banks injecting Rs1 trillion into non-bank financial institutions, and APTMA increasing pressure on the government to reinstate the Export Finance Scheme.

In the aviation sector, Pakistan International Airlines is optimistic about resuming flights to Europe soon, pending the lifting of a regulatory ban. Lastly, Symmetry Group has secured a contract to develop the State Bank of Pakistan's website.