Karachi: The KSE-100 Index saw a significant increase, gaining 1,499 points to close at 170,672, with a trading volume of 1,183 million shares. The market activity was primarily concentrated in investment companies, banks, and the technology sector. Key performers based on price change included the Bank of Punjab (BOP), Kohinoor Textile Mills Limited (KTML), and Nishat Power Limited (NPL), while major decliners were Mehmood Textile Mills Limited (MEHT), International Industries Limited (INIL), and AGP Limited (AGP).

According to Taurus Securities Limited, the market's upward trajectory was supported by investor interest in financial and technology stocks, which drove the trading momentum. Meanwhile, the broader economic landscape presented mixed signals, with international and domestic developments influencing market sentiments. The International Monetary Fund (IMF) is set to meet on May 8 to approve a $1.2 billion disbursement to Pakistan, which may further impact the market dynamics. Concurrently, a recent increase in fuel prices is expected to affect consumer costs and production expenses across industries.