Karachi: Pakistan's stock market experienced a significant uplift with the KSE-100 and KSE-30 indexes closing on an upward trajectory, driven by notable gains in several key stocks. The KSE-100 index rose by 2,036.05 points, marking a 1.78 percent increase to close at 116,189.21, while the KSE-30 index climbed 549.81 points, closing at 35,750.23 with a 1.56 percent increase.

The market's positive performance was underpinned by strong performances from individual stocks, with PGLC, PAEL, and SRVI among the top gainers. PGLC saw its price increase by 10.02 percent, closing at 17.79. PAEL and SRVI both recorded a 10 percent rise, closing at 44.86 and 1,025.64, respectively.

In terms of market capitalization, the Pakistan Stock Exchange reported an increase of 1.79 percent, reaching Rs 14,235.35 billion, equivalent to US$ 50.74 billion.

Volume leaders included CNERGY and KEL, with CNERGY trading 86.57 million shares valued at Rs 744.68 million, while KEL traded 57.92 million shares at a value of Rs 265.10 million.

Despite the overall market gain, several stocks recorded losses. BAHL and POML were among the top losers, with BAHL's share price falling by 1.64 percent to 141.79, and POML decreasing by 1.63 percent to 130.99.

The regional market landscape showed mixed results, with Korea's KOSPI index experiencing a 6.6 percent increase, while Taiwan's TWII saw a significant decline of 17.5 percent year-to-date. Other regional markets such as Indonesia and Malaysia reported gains of 4.8 percent and 4.5 percent, respectively.

The overall ready turnover of the Pakistan Stock Exchange was 638.09 million shares, with a total trading value of Rs 36.92 billion, or US$ 131.61 million. This marks a notable increase compared to the 52-week average daily turnover, which stood at 608.18 million shares and Rs 26.25 billion.