Karachi: The Pakistan Stock Exchange (PSX) experienced notable gains, with the KSE100 index rising by 3.39%, closing at 157,132.09 points. The KSE30 index also saw a substantial increase, climbing by 4.27% to end at 48,302.97 points. These gains were driven by strong performances from key companies such as KOSM, YOUW, and KEL, which saw their prices rise significantly by 10.59%, 10.21%, and 8.81%, respectively.

According to JS Global, the total market capitalization of the PSX increased to Rs 17,631.60 billion, reflecting a 2.60% rise in value. The market's year-to-date performance showed mixed results, with a decline of 9.72% for the calendar year, while the fiscal year recorded a growth of 25.08%. The PSX's total trading volume reached 770.70 million shares, with a total trade value of Rs 44.36 billion.

Despite the overall positive market sentiment, some stocks experienced declines. UNITY, POML, and PAEL were among the day's biggest losers, with UNITY's price dropping by 10.42%. The regional markets showed varied performances, with South Korea's KOSPI index experiencing a significant drop of 7.2%, while Malaysia's KLSE index rose by 0.7%.

The PSX's performance is being closely monitored by investors as they assess market trends and economic indicators that influence stock prices.