Karachi: The Pakistan Stock Exchange (PSX) experienced a notable decline as the KSE 100 index fell by 1,505.11 points, closing at 120,465.93, marking a 1.23% drop. The KSE 30 index also faced a decline, shedding 406.84 points to settle at 36,506.12, a decrease of 1.10%.

The market capitalization of PSX witnessed a reduction of 1.15%, with the total market cap standing at Rs 14,610.32 billion, equivalent to approximately $51.53 billion. This downturn contrasts with the year-to-date numbers, where the KSE 100 index showed a year-to-date increase of 4.64%.

In terms of individual stock performance, Bank of Punjab emerged as one of the top gainers, with its share price rising by 10.00% to Rs 63.48. Meanwhile, Pakgen Power was among the leading losers, with its share price falling by 10.00% to Rs 213.65.

The PSX recorded a total trading volume of 707.30 million shares, with a total value of Rs 21.27 billion, or $75.03 million. Among the volume leaders, Sui Southern Gas Company led with 44.24 million shares traded.

Regionally, the market movements varied, with South Korea's KOSPI index rising by 0.7% and India’s BSE Sensex declining by 0.2%. Meanwhile, China’s SSEA remained stable.

The PSX's 52-week range shows a high of 124,352.68 and a low of 77,084.49 for the KSE 100 index, indicating significant volatility over the past year. The average daily turnover for the past 52 weeks stood at 622.95 million shares, valued at Rs 27.79 billion.

Market analysts attribute the current decline to a combination of local economic factors and international market trends, suggesting that investors may continue to exercise caution amid the fluctuating conditions.