Karachi: The Karachi Stock Exchange (KSE) experienced a historic surge, with its benchmark indices recording remarkable gains. The KSE-100 index soared by 9.45% to close at 117,297.73, marking one of the most significant single-day increases in recent memory. Similarly, the KSE-30 index saw a robust rise of 9.77%, finishing at 35,838.80.

The day’s trading session concluded with a substantial increase in market capitalization, which rose to Rs 14,016.52 billion, equivalent to $49.78 billion in US currency. This represents an 8.71% change from the previous day, reflecting investor optimism.

Leading the charge among gainers was KOSM, which jumped by 25.06%, followed by YOUW and CNERGY, which increased by 16.20% and 15.58%, respectively. KEL and PIBTL also posted significant gains, rising 13.72% and 13.12%.

The volume of shares traded reached 732.88 million, with a total value of Rs 30.38 billion, or $107.90 million. KEL led the volume leaders with 114.46 million shares traded.

Regional markets displayed varied performances. India’s BSESN index rose by 3.7%, while Korea’s KOSPI increased by 1.2%. Meanwhile, markets in Indonesia, Malaysia, and the Philippines saw no change in percentage terms.

The upward momentum in the KSE is being attributed to favorable investor sentiment and positive market dynamics. Analysts are closely watching the market to see if this trend continues in the coming days.