Karachi: The KSE-100 Index experienced a significant downturn yesterday, shedding 1,704 points to close at 159,578. In a day marked by substantial trading activity, 859 million shares were exchanged, with notable price movements observed in select stocks.

The top performers in terms of price change included DHPL, PSEL, and PKGP. Conversely, the biggest decliners were IBFL, PAKT, and PGLC. The trading activity was predominantly concentrated in sectors such as Technology, Power, and Oil Marketing Companies (OMCs).

Amid the market fluctuations, a variety of developments were reported across Pakistan's economic landscape. The government is moving towards deregulating the wheat and sugar sectors, while an action plan has been drafted to enhance exports to Malaysia. Additionally, the IMF may offer technical assistance in revising the National Finance Commission's resource distribution formula.

In fiscal matters, the circular debt rose by Rs79 billion in the first quarter of FY26, reaching Rs1.69 trillion. Meanwhile, the government successfully raised Rs974 billion in a Pakistan Investment Bond auction.

In other news, the Lahore High Court upheld the Peshawar High Court's authority to regulate prices of medical services, and the All Pakistan Textile Mills Association called for transparency in tariff structures.

Looking ahead, the 27th Amendment is set to be adopted on the 14th, and a new round of Pakistan-Afghan talks is scheduled to take place in Istanbul today.