Karachi: The KSE-100 Index experienced a significant upswing, gaining 7,241 points to close at 178,262, with a trading volume reaching 1,028 million shares. The market saw top performances from HCAR, ISL, and KOHC, with no decliners reported. The trading activity was primarily concentrated in the technology, investment companies, and refinery sectors.

According to Taurus Securities Limited, the substantial rise in the KSE-100 Index reflects a positive market sentiment, catalyzed by increased investor confidence. The absence of decliners suggests a robust performance across the board, particularly in key sectors like technology. The participation of 1,028 million shares indicates heightened trading activity, adding to the optimism in the market.

In related economic developments, discussions between the Central Development Fund and U.S. lawmakers focused on security and economic cooperation, while the State Bank of Pakistan (SBP) decided to maintain the policy rate at 11.5 percent. The SBP projects a GDP growth of 3.5 to 4.5 percent for the fiscal year 2026-27.

Meanwhile, the government has taken steps to manage fuel prices, increasing the diesel price by Rs3.37 and reducing petrol prices by Re1 per liter. Additionally, the Federal Board of Revenue (FBR) introduced a fixed tax scheme for small shopkeepers and doubled the turnover tax for pharmaceutical distributors. These measures are part of broader efforts to stabilize the economy and manage fiscal challenges.

The market's positive performance and the government's economic measures come amid various regional and international developments, including fluctuating oil prices and ongoing discussions on economic ties with neighboring countries.