Karachi: The KSE-100 index experienced a substantial increase with a gain of 1,632 points, closing at 113,010, as 486 million shares were traded. The stock market saw notable performances in companies such as EPCL, SHEL, and BNWM, while MEHT, NRL, and RMPL faced declines. Trading activity was primarily focused in the banking, technology, and cement sectors.

According to a statement by Taurus Securities Limited, the market rally has been attributed to positive investor sentiment and strategic market positioning. The increase in the KSE-100 index reflects the current economic climate and investor confidence in key sectors.

In related developments, the government has implemented a ban on property transactions exceeding Rs10 million and has revised the valuation criteria for properties in Karachi. Additionally, the State Bank of Pakistan has streamlined the buyback process for government securities, aiming to enhance market liquidity.

The Economic Coordination Committee has directed ministries and divisions to replace traditional insurance with bank guarantees for public funds, while the government has offered seized hydrocarbon solvents to refineries at reduced prices to stabilize market conditions.

Moreover, passenger car sales have reported a 52% increase in January, indicating a recovery in consumer demand. The government is also engaged in discussions with the Pakistan Sugar Mills Association to stabilize retail sugar prices, reflecting ongoing efforts to manage inflationary pressures.

These developments highlight the dynamic changes within Pakistan's economic landscape, as governmental and financial institutions continue to adapt to evolving market conditions.