Karachi: The KSE-100 Index experienced a significant decline, losing 1,382 points to close at 182,570, with a trading volume of 1,031 million shares. The trading activity was primarily focused on the technology, power, and banking sectors. Among the stocks, LOTCHEM, ATLH, and AKBL showed the best performance in terms of price change, while PTC, IBFL, and YOUW were the top decliners.

According to Taurus Securities Limited, the market's performance comes amid a backdrop of multiple economic and geopolitical developments, including Iran's temporary airspace closure due to rising tensions with the United States and a reduction in oil prices following remarks by former President Trump. Additionally, domestic economic challenges persist, with steep taxes and rising energy costs impacting multinational companies in Pakistan, and the IMF program facing criticism for being perceived as anti-growth.

In related economic news, the government successfully raised Rs492 billion through the sale of Pakistan Investment Bonds, while simultaneously addressing issues such as mounting circular debt, which has reached Rs1.83 trillion over five months. Efforts are also underway to develop new banknotes, and the government has finalized amendments to two laws affecting the power sector.