The KSE-100 index, a key benchmark, surged by 976.49 points or 1.37%, reaching 72,335.89 points during intraday trading, compared to its previous close at 71,359.41 points.

The Rupee has been losing its value against Dollar in the interbank after the general elections in the country.

As trading commenced at the Karachi Stock Exchange, shareholders initiated a wave of selling, causing the KSE-100 index to plummet by 2,362 points, marking a decline of 3.7 percent.

This achievement follows closely on the heels of surpassing the 60,000 mark, signaling a positive trend in the financial market.

The local currency has depreciated by 75 paisa against the greenback which is being traded at Rs222.25.

The KSE-100 index fell 308 points to trade at 41,447.

Russian national Oleg Nikitin, who was sentenced in the United States for violating export regulations, was escorted to an airport to be deportation but reverted back to prison due to an unspecified problem with his flight, Nikitin's lawyer Alexey Tarasov told Sputnik on Thursday