Karachi: The KSE-100 Index experienced a notable decline, shedding 699 points to close at 171,944, with a significant volume of 476 million shares being traded. The day's top performers by price change included PSEL, NPL, and LCI, while BWCL, SHFA, and SSGC emerged as the top decliners. Trading activity was predominantly focused on the Refinery, Technology, and Cement sectors.

According to Taurus Securities Limited, this market movement comes amid a backdrop of various national and international developments, including fluctuations in oil prices and geopolitical tensions. The day also saw the government taking steps to enhance economic policies, such as doubling financing targets and initiating steps to boost lending by banks and financial institutions. Additionally, the State Bank of Pakistan is set to gain access to bank data, which is expected to provide further insights into the financial landscape.