Karachi: The KSE-100 Index saw a significant decline, losing 903 points to close at 165,596 with a trading volume of 623 million shares. The day's trading showed notable performance changes in GADT, SAZEW, and PIBTL, while PGLC, FHAM, and KTML emerged as the top decliners. The major trading activity was concentrated in Oil Marketing Companies (OMCs), Power, and Refinery sectors.

According to Taurus Securities Limited, the recent market downturn reflects broader concerns over economic indicators and sector-specific challenges. The trading dynamics indicate investor caution, particularly in light of ongoing discussions about policy reforms and external financial requirements. Additionally, international news, including geopolitical tensions and economic forecasts, may have influenced investor sentiment.

The market's focus on OMCs, Power, and Refinery sectors aligns with recent developments in energy pricing and regulatory adjustments. As the government and the International Monetary Fund (IMF) continue negotiations on economic measures, market participants remain vigilant about potential shifts in fiscal policy and their impact on various sectors.