Karachi: The KSE-100 index experienced a significant boost on Friday, gaining 1,275 points to close at 101,357, with a total of 915 million shares traded. Key performers in terms of price change included JVDC, SRVI, and SEARL, while TRG, PGLC, and JDWS were among the top decliners. Trading activity was predominantly focused on the banking, technology, and oil marketing company sectors.

According to Taurus Securities Limited, the finance ministry has projected that inflation will ease to between 5.6% and 6.5% by December. Meanwhile, the government is actively seeking Russian financing and has entered into agreements with Azerbaijan for joint projects. In other developments, the price of petrol has been raised by Rs3.72 per litre, and the November revenue collection by the Federal Board of Revenue fell short of its target. The price of LPG has seen a slight increase of Rs0.11 per kg for December.

Leghari expressed optimism about the prospect of cheaper electricity as negotiations with Independent Power Producers continue. A new grid station in Lahore is expected to begin operations next month. In the banking sector, the Governor of the State Bank of Pakistan has urged banks to embrace technology and bolster support for agriculture and SMEs. Exports to North America have risen by 9%, and Pakistan has launched its first e-SUV. Banks have funneled Rs1 trillion into non-bank financial institutions, while APTMA is pressuring the government to restore the Export Finance Scheme.

Pakistan International Airlines is hopeful of resuming flights to Europe soon, following the anticipated lifting of a regulatory ban. Additionally, Symmetry Group has secured a contract to develop the State Bank of Pakistan's website.