Karachi: The KSE-100 Index experienced a significant decline, shedding 1,304 points to close at 173,150, with a trading volume of 709 million shares. The day's activity was mainly concentrated in the power, banking, and technology sectors, as reported in a press release.

According to Taurus Securities Limited, the top performers in terms of price change were SSOM, THALL, and MTL. However, the session saw declines in PSO, PIOC, and SSGC. The market's overall downturn comes amid a broader set of economic developments, including Pakistan's preparations to meet most targets ahead of the upcoming IMF review and the recent announcement of a $1 billion national AI investment plan by the government.

In related economic news, an IMF team is set to arrive on the 26th to discuss budgetary reviews, while Pakistan faces a $1.3 billion Eurobond repayment in April. Meanwhile, the government is making efforts to reassure investors as Barrick reviews the Reko Diq project. Additionally, Pakistan's textile exports have posted a 1.25% year-on-year growth from July to January, signaling some positive trends within the sector.