Karachi: The KSE-100 Index soared by 945 points, closing at 155,385 with a remarkable trading volume of 856 million shares. The top gainers in terms of price change were TRG, YOUW, and INIL, while FHAM, TPLRF1, and KTML saw declines. The trading activity was predominantly focused on Investment Companies, Technology, and Banks.

In related developments, efforts to stabilize the economic landscape are underway. The State Bank of Pakistan has revised its economic growth projection to around 3.25% for the fiscal year 2026. Meanwhile, the government maintained the policy rate unchanged due to inflation concerns, despite expectations from the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) for a change.

Additionally, the government announced no change in petrol prices but increased the cost of high-speed diesel by Rs2.78. Amid these shifts, the Pakistan Business Forum has urged Minister Aurangzeb to approve a relief package for the agricultural sector.

On the international front, Islamabad and Tehran are in discussions to explore Free Trade Agreement prospects, potentially targeting a $10 billion trade goal. Furthermore, both Indonesia and Poland are eager to strengthen economic ties with Pakistan.

Meanwhile, the rupee faces potential pressure from a dollar shortage fueled by monsoon-induced floods, posing a risk to its recent rally, as noted in a recent report. The All Pakistan Textile Mills Association (APTMA) has expressed dissatisfaction with the Monetary Policy Committee's decision, highlighting ongoing concerns within the textile sector.

In the commodities market, the Trading Corporation of Pakistan has purchased 100,000 metric tons of sugar and has issued another tender for an additional 100,000 tons. These developments reflect a vibrant yet challenging economic environment that stakeholders continue to navigate.