Karachi: The KSE-100 Index experienced a notable increase of 931 points, closing at 187,832, with a trading volume of 1,194 million shares. The top performers in terms of price change included K-Electric Limited (KEL), Habib Metropolitan Bank (HMB), and Service Industries Limited (SRVI), while those experiencing declines were Interloop Limited (ILP), Nishat Mills Limited (NML), and TRG Pakistan Limited (TRG). The primary trading activity was concentrated in the sectors of Power, Banks, and Investment Banks.

According to Taurus Securities Limited, the market roundup highlighted these significant movements, amidst a backdrop of various national and international economic developments. The Ministry of Finance has remained silent on the rollover of UAE debt, and Barrick Gold Corporation is reviewing its Reko Diq project due to security concerns. Meanwhile, China has expressed its unwavering support for Pakistan, as stated by the Chinese envoy.

Additional news from the region includes Pakistan and Jordan's agreement to pursue a Preferential Trade Agreement (PTA), and Sri Lanka exploring trade opportunities under the Pakistan-Sri Lanka Free Trade Agreement (PSFTA). In the energy sector, oil prices are continuing to decline as US-Iran talks approach, and power consumers in Pakistan are expected to see a 42 paise increase in tariffs from April to June.

The government is also set to review tax rates for the highest salary brackets as part of broader reforms aimed at easing business operations. The Federal Board of Revenue (FBR) has asserted it has not breached taxpayer financial privacy. Furthermore, Kazakhstan's firm plans a $20 million investment in gold mining in Gilgit-Baltistan, while Pakistan and Uzbekistan aim to boost trade to the $2 billion mark.