Karachi: The KSE-100 Index experienced a significant rise of 1,226 points, closing at 153,966, with a trading volume of 371 million shares. Key performers included ENGROH, HINOON, and PGLC, while KTML, KOHC, and SSGC were among the top decliners. The day's trading was primarily concentrated in the power, food, and banking sectors.

According to Taurus Securities Limited, the market's upward trajectory was supported by various corporate actions and sector-specific developments. The power, foods, and banks sectors saw the most concentrated activity, reflecting investors' confidence in these areas amidst ongoing economic challenges and geopolitical uncertainties.

In other news, the global energy market continues to experience volatility, with developments such as QatarEnergy's force majeure declaration on LNG contracts and potential government measures to address the energy crisis. Meanwhile, international diplomatic efforts are ongoing, with Iran and the US at the center of discussions regarding regional stability.

The financial landscape also witnessed notable movements, including the withdrawal of $20 million from government bonds in a single day and the Asian Development Bank's announcement of financial support aimed at mitigating the impacts of Middle East conflicts on the Asia-Pacific region. Additionally, the Oil and Gas Development Company Limited (OGDCL) commenced oil production from the Pasakhi-13 well, further contributing to the sector's dynamic shifts.