Karachi: The KSE-100 index experienced a significant rise yesterday, gaining 1,068 points to close at 118,383 points with a robust trading volume of 671 million shares. The strong performance was attributed to notable price changes in companies such as Sui Northern Gas Pipelines Limited (SNGP), Meezan Bank Limited (MEBL), and National Foods Limited (NATF). Conversely, Pak Oman Microfinance Bank Limited (POML), Engro Polymer and Chemicals Limited (EPCL), and JDW Group (JVDC) saw declines.

Trading activity was largely concentrated in the cements, refinery, and banking sectors, reflecting investor confidence in these industries. The positive movement in the index indicates a recovery trend in the market, driven by both local and international economic factors.

The day's trading session also highlighted a focus on economic recovery and reforms, as high-level meetings between Pakistani officials and international financial institutions like the IMF and World Bank took place. These discussions are seen as crucial for bolstering Pakistan's economic stability and growth prospects in the coming months.