Karachi: The KSE-100 Index of the Pakistan Stock Exchange experienced a substantial gain of 14,138 points, closing at 165,811, with trading volumes reaching 1,235 million shares. This performance was notably driven by investment companies, technology, and power sectors, marking a day without any decliners.

According to Taurus Securities Limited, the top performers based on price change included KEL, YOUW, and AHCL. The market's positive momentum comes amid various geopolitical tensions and economic developments, including the announcement of U.S. Vice President Vance's visit to Pakistan for discussions concerning Iran. Meanwhile, global oil markets saw fluctuations, with prices falling sharply due to ongoing tensions in the Middle East, specifically Iran's recent actions against Kuwait and the UAE.

The broader economic environment also reflects a mix of challenges and opportunities, as highlighted by the International Monetary Fund's plans to send a mission to Pakistan next month for budget discussions. Additionally, Pakistan's remittances saw a significant increase in March, and the government is engaged in securing additional funding for climate initiatives. In the energy sector, a potential decline in fuel prices could offer some relief to consumers, despite ongoing controversies surrounding oil supply and pricing, which led to the removal of the acting Ogra chairman.