Karachi: The KSE-100 Index surged by 1,153 points to close at 169,456, marking a notable upturn in trading activity with 1,023 million shares exchanged. The session saw ISL, INIL, and DHPL leading in price gains, while TRG, HUMNL, and PTC faced declines. The day’s trading was primarily fueled by activity in the technology, power, and food sectors.

In broader economic news, the International Monetary Fund emphasized the importance of maintaining prudent policies, offering some relief from default risks. However, growth challenges remain a concern. The National Electric Power Regulatory Authority approved an 88.16 paisas negative adjustment for October’s Fuel Cost Adjustment and a Rs22.98/kWh package.

Finance Minister Aurangzeb attributed recent economic resilience to joint efforts, noting a year-over-year increase of over 9% in remittances from July to November, totaling USD16.14 billion. Despite this positive development, trade imbalance issues persist.

Further economic measures included the Federal Board of Revenue’s decision to increase the value assessments of immovable properties in Islamabad, aiming to address inflation and boost revenue. Balochistan's mineral resources are expected to attract foreign investment, while Bilawal Bhutto Zardari suggested allowing provinces to collect taxes to alleviate financial pressure on the central government.

The State Bank of Pakistan announced plans for Rs5.4 trillion in debt auctions, reflecting ongoing efforts to manage the country's fiscal challenges. Amid these developments, inflation continues to impact purchasing power.

New regulations have banned car imports via baggage, with amendments approved for vehicles under baggage rules. Additionally, a significant portion of mobile phone prices, 55%, is attributed to taxes, impacting consumer costs.