Karachi: The KSE-100 Index experienced a significant gain, closing at 131,949 points after a 1,262-point increase, supported by a robust trading volume of 731 million shares. AICL, UBL, and HBL emerged as top performers in terms of price change, while PGLC, BNWM, and MUGHAL faced declines. The trading activity was predominantly focused on the Technology, Banks, and Food sectors, indicating strong investor interest in these areas.
In other developments, President Trump announced that tariff letters to 12 countries have been signed and will be dispatched on Monday, while expressing concerns over Iran's stance on inspections and enrichment activities. The Election Commission of Pakistan is set to conduct Senate polls within the month.
Amidst global and local economic discussions, Pakistan and the United States have reached an agreement on trade and tariffs. The government is finalizing an industrial policy and is considering a discount strategy for industries and the agricultural sector, targeting a Rs. 10.5 per unit reduction.
The Federation of Pakistan Chambers of Commerce & Industry is advocating for the withdrawal of a Rs77/liter Petroleum Levy on Fuel Oil, as Pakistan's central government debt surpasses Rs. 76 trillion. The State Bank of Pakistan injected Rs13 trillion into the banking system through open market operations.
Azerbaijan plans to invest $2 billion in Pakistan's economic sector, while the Sensitive Price Index rose by 0.73% due to increased food and fuel prices. The government is also contemplating lifting the ban on new gas connections amidst an LNG surplus.
In the fiscal year 2025, exchange firms facilitated the influx of $5 billion in remittances, and Pakistan is exploring enhanced economic ties with Poland. The World Bank has approved $55 million in additional financing for distribution companies.
The government is reviewing the Brownfield Refining Policy in response to sector concerns, and automobile prices have surged following new budgetary levies. Sugar prices have exceeded Rs190 per kg due to a production shortfall, while taxes have unsettled e-commerce platforms.
In the automotive sector, Sazgar reported its second-highest four-wheeler sales in June 2025. Meanwhile, OPEC+ announced plans to increase oil supply more rapidly with a larger hike scheduled for August.