Karachi: The KSE100 index experienced a significant surge, rising by 2,837.78 points to reach 178,123.56, marking a 1.62% increase. This growth was mirrored in the KSE30 index, which climbed by 842.62 points, or 1.61%, closing at 53,163.60. The Pakistan Stock Exchange (PSX) saw its market capitalization increase by 1.30% to Rs 20,039.92 billion, equivalent to US$ 72.09 billion.

According to JS Global, notable gainers in the KSE100 index included Pioneer Cement (PIOC), which saw its share price increase by 8.79%, and Nishat Power Limited (NPL), which rose by 7.92%. Sui Northern Gas Pipelines Limited (SNGP) and Fatima Fertilizer Company Limited (FATIMA) also recorded gains of 5.82% and 5.56%, respectively. On the other hand, several companies experienced losses, including Ibrahim Fibres Limited (IBFL), which decreased by 2.37%, and Unity Foods Limited (UPFL), which fell by 1.47%.

The total volume of shares traded amounted to 736.96 million, with a total value of Rs 34.61 billion, or US$ 124.49 million. The PSX recorded a 52-week high of Rs 21,304.78 billion in market capitalization, while the 52-week low stood at Rs 16,413.22 billion. The day’s activities reflected a robust trading session, reinforcing investor confidence in the market.

Regional markets displayed mixed performances, with Indonesia's Jakarta Composite Index (JKSE) posting a 1.1% gain, while South Korea's KOSPI fell by 6.4%. Despite these varied outcomes, the PSX showcased resilience and growth, driven by strong trading volumes and strategic investments.