Karachi: The KSE-100 index experienced a significant rise, gaining 470 points to close at 97,798 as of the close of trading yesterday. The market saw robust activity with 1,248 million shares traded. Key sectors that drove this performance included technology, oil marketing companies (OMCs), and banks.

According to Taurus Securities Limited, the top performers in terms of price change were JVDC, BAHL, and MEBL, while HCAR, KOSM, and PGLC were the leading decliners. The trading session highlighted a concentrated activity in the aforementioned sectors, reflecting current investor interests and market dynamics.

The market's upward trend comes amid a backdrop of various economic developments and challenges, including political protests, trade ambitions with Turkiye, and ongoing fiscal constraints affecting the Public Sector Development Program (PSDP). The government is also seeking regulatory approvals for initiatives aimed at easing the burden on consumers and boosting non-textile exports, which have surged by 18 percent over a four-month period.