Karachi: The KSE-100 Index experienced a substantial decline, losing 4,626 points to close at 181,629, with 1,541 million shares traded. The trading session saw notable movements, with IBFL, PGLC, and JDWS leading in performance by price change, while MEHT, KTML, and INIL were the top decliners. Trading activity was primarily concentrated in the Technology, Investment Companies, and Refinery sectors.

According to Taurus Securities Limited, the significant drop in the KSE-100 Index reflects heightened market volatility. The market's performance aligns with geopolitical tensions and domestic economic indicators, including concerns raised by the Economic Affairs Division over potential economic risks stemming from the renewed US-Iran conflict. Additionally, the International Monetary Fund's forecast of a 3.5 percent growth rate for fiscal year 2027, and the government's recent treasury bills auction raising Rs1.9 trillion, have also contributed to the market's current dynamics.