Karachi: The Karachi Stock Exchange (KSE) indices experienced a notable rise as market activity intensified, following a surge in trading volume and turnover. The KSE30 index climbed to 54,010.33, an increase of 707.40 points, or 1.33%, from the previous close. The broader KSE100 index advanced by 2,301.17 points, or 1.32%, reaching 176,355.49.

The market's turnover saw a significant uptick, with 1,402,649,829 shares traded in the regular (REG) market, compared to 957,239,350 in the previous session. The traded value in the REG market also rose to 48,424,264,772 from 44,230,546,164.

Market capitalization reflected this upward trend, increasing from 19,689,887,678,187 to 19,968,415,835,731.

In the deliverable futures contracts (DFC) market, turnover increased to 307,046,500 shares, with a traded value climbing to 12,024,383,645, up from 11,810,609,855.

Over-the-counter (ODL) and continuous settlement futures (CSF) markets also saw heightened activity, with ODL turnover reaching 1,535 and CSF turnover at 1,829,000 shares.

Analysts attribute the market's positive performance to investor optimism and increased trading activity, with expectations for continued momentum in the coming sessions.