Karachi: The Karachi Stock Exchange (KSE) experienced a significant downturn as the KSE-100 Index fell by 2,547 points, closing at 177,956. A total of 1,032 million shares were traded, with notable price changes observed in PGLC, BNWM, and NBP, while HGFA, CHCC, and INIL were the top decliners. Trading activity was primarily concentrated in the Refinery, Oil Marketing Companies (OMCs), and Foods sectors.

According to Taurus Securities Limited, the market's performance reflects a volatile trading session with substantial shifts in stock values. The day's top performers in terms of price change were PGLC, BNWM, and NBP, whereas HGFA, CHCC, and INIL suffered the most significant losses. The substantial trading volume underscores robust investor activity, particularly in the Refinery, OMCs, and Foods industries.

The broader economic context featured mixed developments, including a rise in oil prices as hopes for a US-Iran peace deal diminished. Additionally, the State Bank of Pakistan reported a decrease in the current account deficit, while power generation costs surged. Meanwhile, Google announced the official opening of its Pakistan office, marking a positive development in the country's business landscape.