FLASHNEWS:

KSE-100 Index Records Substantial Gain Amid Active Trading in Power and Technology Sectors

Karachi: The KSE-100 Index experienced a notable increase, climbing 466 points to conclude at 151,673, with a trading volume of 356 million shares. This upward movement was primarily driven by active trading in the Power, Technology, and Investment Companies sectors, showcasing strong market dynamics.

According to Taurus Securities Limited, the top performers in terms of price change were MEHT, BNWM, and UBL, while GADT, ISL, and TPLRF1 emerged as the top decliners. The report highlights the concentrated trading activity in the aforementioned sectors, reflecting a strategic investor focus.

In other developments, a broad array of regional and international issues were addressed, including a two-week ceasefire announcement by President Trump, which led to oil prices sliding below $100. Meanwhile, the Prime Minister of Pakistan expressed solidarity with Saudi Arabia during discussions with Crown Prince Mohammed bin Salman.

Additionally, China and Russia vetoed a United Nations resolution aimed at protecting shipping in the Strait of Hormuz. In financial news, Pakistan successfully paid USD 1.43 billion in Eurobond obligations, while remittances from the Gulf region remained stable. The Asian Development Bank expressed readiness to support new initiatives in Pakistan, and various other economic measures and developments were outlined in the latest news snapshot.