Karachi: The KSE-100 Index experienced a significant boost, climbing 2,663 points to close at 187,762, with a trading volume of 1,196 million shares. This marks a notable performance in the stock market, as investors focused their activity on banks, technology, and power sectors.
According to Taurus Securities Limited, the stocks that saw the highest price changes included AICL, SRVI, and PIBTL, while HCAR, PIOC, and BNWM faced declines. The day's trading activity highlighted a concentration in key sectors, reflecting strategic investor interest.
In other developments, Pakistan's economic landscape is undergoing several changes. The government is considering renegotiating the $7 billion Extended Fund Facility and $1.4 billion Rapid Financing Instrument with the International Monetary Fund to alleviate budgetary pressures. Concurrently, the current account balance has shifted to a deficit due to a widening trade gap, and foreign direct investment has dropped by 43% in the first half of the fiscal year 2026. Additionally, the real effective exchange rate fell to 103.7 in December.
Efforts to boost economic performance include discussions between Finance Minister Ishaq Dar and his counterparts from Saudi Arabia and Egypt on regional developments, as well as meetings in Davos to enhance economic partnerships. Meanwhile, the government is working on proposals to reduce industrial power tariffs and has initiated a digital overhaul of the petroleum sector to combat smuggling.
In the realm of exports, the information technology sector achieved a record $437 million in December, and regulations for rights shares have been amended. The National Assembly panel's approval of the NTC and Export Development Fund bills further reflects efforts to strengthen the economic framework.