Karachi: The KSE-100 index lost 590 points, closing at 81,658, with 423 million shares traded in a day marked by declines across several sectors. The market saw notable activity in the Technology, Investment Companies, and Cement sectors, with mixed performances from leading stocks.

According to Taurus Securities Limited, KTML, AKBL, and SRVI were the top performers in terms of price change, while ILP, PKGS, and GLAXO registered the most significant declines. The broader economic environment showed signs of recovery, as the IMF projected a 3.2% growth rate for Pakistan, supported by the disbursement of the first tranche of a $1.026 billion IMF loan, which is expected to modestly strengthen the rupee. Meanwhile, the government announced measures aimed at curbing tax evasion and signed investment pacts with Chinese firms to bridge the external financing gap.