Karachi: The KSE-100 Index saw a remarkable gain of 9,697 points, closing at 156,177, with a significant trading volume of 484 million shares. Notable performances were recorded in stocks like YOUW, LOTCHEM, and AICL, while MUREB and POL experienced declines. Trading activity was predominantly focused in the banking, power, and technology sectors.

According to Taurus Securities Limited, the recent market fluctuations have been influenced by various geopolitical and economic developments, as outlined in their latest press release. The escalation of conflicts in the Middle East has notably impacted global oil prices and supply chains, as seen in the potential for oil prices to reach $150 per barrel amid Gulf tensions. Despite this, a 15 percent plunge in oil prices was observed, fueled by hopes of conflict de-escalation.

The press release also highlighted broader regional impacts, such as the displacement of 100,000 individuals in Lebanon and airlines canceling flights due to heightened conflicts. In response to these challenges, Pakistan's government is negotiating with the International Monetary Fund (IMF) to lower tax targets and has initiated measures to secure fuel supplies, including receiving bids for petrol cargoes and welcoming oil tankers at Port Qasim. Additionally, the State Bank of Pakistan's decision to maintain the policy rate at 10.5 percent has drawn criticism from the business community, reflecting ongoing economic uncertainties.