Karachi: The KSE-100 Index surged by 2,051 points yesterday, closing at an impressive 145,088 points with a trading volume of 784 million shares. The day's top performers, based on price changes, were AGL, NESTLE, and NBP, while PGLC, MUGHAL, and BNWM saw declines. Most trading activity was concentrated in the banking, investment companies, and textile sectors.

In other developments, the DG ISPR dismissed ongoing speculations about the Chief of Army Staff. The country's trade deficit for July has expanded by 44.16 percent year-over-year, although exports saw a rise of 17 percent in the same period.

Moreover, significant changes in government and economic plans were noted. The government has mandated the display of Raast QR codes at retail outlets by the end of the month. In a bid to streamline public enterprises, recommendations were put forward to refine board position appointments.

In the agricultural sector, there has been a notable increase in the number of farm households. Meanwhile, Punjab has abolished a 66-year-old tax system to reform property valuation, signaling significant changes in local governance.

The Securities and Exchange Commission of Pakistan registered a record 4,065 companies in July 2025, indicating robust business activity. The government has also raised Rs370 billion through treasury bills.

Additionally, the Asian Development Bank and the All Pakistan Textile Mills Association held discussions to explore methods to boost textile exports. The Oil and Gas Regulatory Authority has been instructed to review penalties for non-compliance with Euro-II fuel standards.

Finally, a high-stakes bid for Telenor is facing a critical test, potentially impacting the telecommunications landscape.