Karachi: The KSE-100 Index saw a significant rise of 1,202 points, closing at 139,420, with 627 million shares traded. The day witnessed notable performances from HGFA, UPFL, and ENGROH, while PSEL, PABC, and GADT experienced declines. The trading activity was predominantly driven by investment companies, technology, and banks.

The surge in the stock market coincides with discussions between business leaders and Field Marshal Asim Munir about Pakistan's economic outlook and necessary reforms. These talks are part of ongoing efforts to stabilize the country's financial environment.

In other developments, Pakistan's economy received a boost with $5 billion in external financing in June. Meanwhile, trade relations between Pakistan and Vietnam are projected to reach $1 billion, with an ambitious target of $10 billion set for the future.

The State Bank of Pakistan is set to release its bi-annual monetary policy reports, including an interest rate decision on July 30, which could further impact market dynamics.

Amid these economic discussions, the government is preparing to define small and medium enterprises in its industrial policy. However, experts have raised concerns that subsidy cuts could slow remittances, which are a vital source of foreign exchange for the country.

Meanwhile, Denmark is launching a three-year strategic sector cooperation program with Pakistan's power sector, aiming to address ongoing challenges in energy distribution and costs.

The Public Accounts Committee has criticized the power division over rising costs and persistent load-shedding, as oil sales are predicted to increase by 13 percent in the fiscal year 2026. Sugar mills are facing a crackdown for defying price agreements.

Additionally, there is confusion in the power sector over reduced RLNG off-take by power plants, and Agritech Limited has temporarily shut down its urea plant for repairs due to a technical issue.