Karachi: The KSE-100 Index experienced a significant downturn, dropping by 4,688 points to close at 149,179, with trading volumes reaching 293 million shares. This sharp decline highlights the ongoing volatility in the market, with notable performances in terms of price change seen in ABOT, PKGP, and SYS, while DGKC, NBP, and PIBTL emerged as the top decliners. The activity was predominantly concentrated in the banking, power, and technology sectors.

According to Taurus Securities Limited, as reported in their latest market roundup, the slump in the KSE-100 Index is part of a broader trend of economic fluctuations. The market's performance comes amidst a backdrop of various economic and geopolitical developments, including global oil market shifts and regional tensions impacting financial activities.