The KSE-100 Index witnessed a remarkable surge today, climbing by 1,529 points to close at 114,330. Trading volume hit 455 million shares, marking a day of vigorous market activity.
According to Taurus Securities Limited, TGL, KTML, and ABOT emerged as top performers based on price change, while AKBL, MEHT, and HGFA saw declines. The trading activity was notably concentrated in the foods, cements, and power sectors, indicating a focused investor interest in these industries.
Additionally, various developments took place on the national front, including the resumption of direct trade between Bangladesh and Pakistan after more than five decades and Pakistan’s enhanced global connectivity through the Africa-1 submarine cable. The government is also eyeing a significant reduction in power tariffs, while discussions on climate resilience funding have commenced.