Pakistan stocks rose the most in nine months after Prime Minister Yousuf Raza Gilani pledged to reinstate Supreme Court justices fired under military rule in 2007, ending a confrontation with the opposition.
Chief Justice Iftikhar Chaudhry and other deposed judges will be restored on March 21, Gilani said in a 6 a.m. televised address in Islamabad, meeting the demands of thousands of protesters who are challenging President Asif Ali Zardari. Authorities also lifted a ban on rallies and releases detained protesters.
The benchmark Karachi Stock Exchange 100 Index rose 313.07, or 5.4 percent, to 6,063.54 at the 3:30 p.m. local time close, the most since June 24, 2008. Oil & Gas Development Co. and Pakistan Petroleum Ltd. led gains.