Karachi: The KSE-100 Index experienced a significant rise, gaining 1,843 points to close at 186,901, with a total of 847 million shares traded. Notable price increases were recorded in ILP, CPHL, and TRG, while JVDC, SAZEW, and SNGP saw declines. Trading activity was primarily concentrated in the Power, Investment Banks, and Banks sectors.

According to Taurus Securities Limited, the market movement coincides with several developments, including Pakistan's invitation to participate in talks between the United States and Iran. Other notable occurrences include JPMorgan's plan for a frontier bond index and the government's request to Saudi Arabia for a two-year extension on an oil facility. Additionally, the Cabinet Committee has greenlit the Export-Import Bank of Pakistan's procurement policy.

In related news, the Prime Minister has reaffirmed Pakistan's commitment to fostering friendly ties with Libya, and several countries have shown interest in expanding trade ties with Pakistan. Canada is also seeking stronger trade and investment connections with the country. Meanwhile, oil prices dipped due to potential de-escalation between the US and Iran and a firm dollar, while there has been an uptick in cotton output.

Furthermore, the Senate has passed the Privatisation Commission (Amendment) Bill, 2025, and the Cabinet Committee on Privatisation has endorsed moving forward with the Housing Building Finance Corporation's sell-off. The cement and oil sales have risen, and the Textile Council has urged the Prime Minister to engage the US through all channels to achieve a 10% tariff reduction. Additionally, the State Bank of Pakistan has issued a No Objection Certificate for onboarding HBL Zarai as an approved Alternative Service Provider.