Karachi: The KSE-100 Index saw a significant increase, gaining 1,422 points to close at 169,392, with a trading volume of 370 million shares. The notable performance in terms of price change was observed in companies IBFL, MEHT, and PSEL, while PABC, JVDC, and MEBL were the top decliners. The market activity was predominantly concentrated in the technology, refinery, and food sectors.

According to Taurus Securities Limited, the market experienced a strong upward movement as investors showed increased confidence, resulting in substantial trading activity. The surge in the index comes amid various economic developments, including shifts in global oil prices and local policy adjustments, which have impacted investor sentiment.

The broader economic landscape also saw notable events, such as the government's decision to raise petrol and diesel prices and ongoing discussions about boosting exports. Additionally, Pakistani authorities are actively seeking investment, as evidenced by Canadian mining firms exploring opportunities in the country and efforts to attract Chinese investment in the chemicals, agro-chemicals, and biotech sectors.