The Pakistan Stock Exchange saw a 300-point gain on Wednesday ahead of the general elections. The KSE-100 index closed at 64,143.87, marking a 0.54% increase from the previous day. Mohammed Sohail, Chief Executive of Topline Securities, noted that the market rallied in anticipation of the smooth elections. However, Shahab Farooq, Director of Research at Next Capital Limited, described the market as lacklustre with the elections looming. He expects the market to pick up momentum post-elections with positive results and payouts. Awais Ashraf, Director of Research at Akseer Research, highlighted the activity being driven by stocks expected to yield favorable results and dividends in the upcoming period. However, investors reduced their positions in Oil and Gas Development Company (OGDC) due to concerns about potential debt settlement rollback. Pakistan Petroleum Limited (PPL) made gains over anticipation of improved recoveries following the approval of gas price hikes by the Oil and Gas Regulatory Authority (Ogra) in line with IMF conditions.