Karachi: The KSE-100 Index experienced a significant downturn, shedding 2,026 points to close at 182,384, with a trading volume of 1,056 million shares. The market saw notable performances from companies such as Nishat Mills Limited (NML), Pakistan Telecommunication Company (PTC), and Lotte Chemical (LOTCHEM). Meanwhile, Adamjee Insurance Company Limited (AICL), Sazgar Engineering Works Limited (SAZEW), and Kohat Cement Company Limited (KOHC) were the top decliners.
Trading activity was predominantly focused on sectors including Technology, Foods, and Investment Companies. The sharp decline in the index highlights the volatility currently gripping the market.
In other developments, Pakistan and Indonesia have reaffirmed their commitment to expanding defense ties, and the Finance Division has released an amended Public Finance Management Act of 2019. Pakistan has also reiterated its target of achieving 60% renewable energy by 2030.
The government is urging an 'export emergency' to rejuvenate economic growth, while the National Electric Power Regulatory Authority (Nepra) has approved a uniform national average tariff. The Power Division and Nepra are considering a request from the Pakistan Sugar Mills Association to waive hourly charges.
Additionally, the government announced a plan to transform Port Qasim into a climate-resilient industrial complex. Meanwhile, credit to the private sector has increased by 4% this fiscal year, and Pakistan International Airlines’ new owners are seeking a partner to revitalize the airline.
As the year progresses, power consumers are expected to pay Rs2.95 trillion in capacity and energy charges, and car sales have risen by 35% in December 2025. The government is also planning to modernize pharmacy education, and Sindh ginners are driving a historic shift in cotton production. Matco Foods is relocating its Gujranwala plant to Fauji Fertilizer Bin Qasim Limited (FFL).
A joint study is set to assess diesel demand ahead of the Pakistan State Oil and Kuwait Petroleum Corporation contract renewal, signaling ongoing adjustments in the broader economic landscape.