FLASHNEWS:

KSE-100 Index Sees Modest Gains Amid Active Trading in Auto and Technology Sectors

Karachi: The KSE-100 Index experienced a modest increase on the previous trading day, gaining 118 points to close at 180,511, with a substantial volume of 1,213 million shares traded. The trading session saw notable performance from companies like FATIMA, SHFA, and FHAM, while IBFL, TGL, and GHGL were among the top decliners. The session's activity was primarily concentrated in the automotive, investment companies, and technology sectors.

According to Taurus Securities Limited, the day's trading reflected a mixed sentiment in the market, with investors cautious amid broader economic developments. The rise in the index comes against a backdrop of fluctuating oil prices and ongoing discussions about international trade agreements. Additionally, the Federal Reserve's decision to hold interest rates steady and the potential reduction in petroleum prices following a US-Iran deal contributed to the day's market dynamics.

Amidst these developments, other economic indicators showed mixed trends. While May recorded a current account surplus of USD 459 million, foreign direct investment in the first 11 months of FY26 saw a decline of 28.4% year-on-year to USD 1.623 billion. Meanwhile, foreign assistance surged by 75.68% year-on-year in the same period. The State Bank of Pakistan also raised Rs 649 billion in a fixed-rate PIB auction, highlighting the government's ongoing efforts to manage fiscal challenges.

The trading day closed with anticipations of further market shifts as economic policies and international agreements continue to unfold, impacting investor sentiment and market performance in the coming days.