Karachi: The Pakistan Stock Exchange (PSX) experienced an upswing on Tuesday, driven by notable gains in key indices and individual stocks. The KSE100 index saw a rise of 1,067.79 points, closing at 118,383.38, while the KSE30 index increased by 278.77 points to end at 36,395.14. This marked a daily percentage increase of 0.91% for the KSE100 and 0.77% for the KSE30.

Among the top performers was Sui Northern Gas Pipelines Limited (SNGP), which led the gainers with an increase of 9.35%, closing at a price of 125.14. Meezan Bank Limited (MEBL) and National Foods Limited (NATF) also posted significant gains, rising by 9.13% and 6.30%, respectively.

The market capitalization of the PSX witnessed a day-over-day increase of 0.83%, reaching Rs 14,464.30 billion, equivalent to $51.50 billion. The year-to-date figures for the current fiscal year showed a growth of 50.91% for the KSE100 index.

Trading volumes were robust, with a total of 672.44 million shares exchanged, amounting to a value of Rs 36.42 billion ($129.68 million). SNGP was among the top volume leaders, trading 28.85 million shares valued at Rs 3,552.02 million.

On the losing side, Pak Oman Microfinance Bank Limited (POML) declined by 2.44%, ending at 160.95. Other decliners included Engro Polymer and Chemicals Limited (EPCL) and Jubilee Life Insurance Company Limited (JVDC), which fell by 2.38% and 1.93%, respectively.

This positive momentum at the PSX contrasts with mixed performances in regional markets. While India's BSESN rose by 1.1%, Taiwan's TWII dropped by 1.5%. Other markets, such as South Korea's KOSPI and China's SSEA, saw marginal changes.

The PSX's performance highlights investor confidence, buoyed by gains in energy and financial sectors. As the fiscal year progresses, market participants will closely watch for any shifts in economic policies or global market trends that could impact the local bourse.