Karachi: The KSE-100 Index experienced a significant decline, losing 3,703 points to close at 184,130, with a noteworthy volume of 1,266 million shares traded. Key performers in terms of price change included KEL, SAZEW, and JVDC, while the top decliners were NBP, PIBTL, and PPL. Trading activity was predominantly focused on the power, banking, and investment banking sectors.

According to Taurus Securities Limited, the market's downturn coincided with a range of global and domestic economic developments. Notably, the trading session followed news of a significant executive order by former President Donald Trump, which aimed to prepare tariffs on Iran's trade partners. Additionally, high-level talks between Pakistan and the United States are expected to take place, with Pakistani Prime Minister Shehbaz Sharif likely to join the inaugural session of the Trump-initiated 'Board of Peace.'

Further developments impacting the market included Pakistan's mixed performance in meeting International Monetary Fund fiscal targets and the World Bank's reaffirmation of a $20 billion, 10-year development plan for Pakistan. Meanwhile, the State Bank of Pakistan reported an increase in its reserves to $16.16 billion. Despite these economic maneuvers, a pre-Ramazan spike in consumer prices continues to affect domestic markets.