Karachi: The Karachi Stock Exchange saw a positive shift in its main index, the KSE100, which rose by 1.12% to close at 187,454.69. This increase was largely driven by gains in the steel and banking sectors, marking an upward movement in the local stock market.

According to JS Global, a prominent financial services firm, the KSE100 index experienced a notable gain of 2,082.49 points. Among the top performers were International Industries Limited (INIL) and Ittefaq Iron Industries Limited (IBFL), both recording a 10% increase in their share prices. The market’s overall capitalization grew by 1.08% to reach Rs 20,986.19 billion, or approximately $75.46 billion.

The daily trading volume reached 888.40 million shares, with a total value of Rs 49.98 billion. The market's performance reflects a positive trend for the year, with a year-to-date increase of 7.70% for the KSE100 index. The index's performance was supported by significant trading activity in various sectors, indicating strong investor interest in the stock market.