Karachi: In a session marked by volatility, the Karachi Stock Exchange (KSE) saw its benchmark indices, KSE30 and KSE100, dip by 0.83% and 0.52% respectively. The KSE100 index closed at 185,543.01 points, experiencing a decrease of 975.71 points.

The downturn was mirrored in the market capitalization, which fell by 0.21% to reach Rs 20,862.44 billion, equivalent to $74.50 billion. This contraction comes as the indices remain below their 52-week highs.

Among the gainers, Adamjee Insurance Company Limited (AICL) emerged as the top performer, witnessing a rise of 10.00% in its share price. Other notable gainers included Pak Elektron Limited (PAEL) and Thal Limited (THALL), which saw increases of 6.71% and 4.29% respectively.

Conversely, Engro Polymer and Chemicals Limited (ENGROH) led the decliners with a 3.61% drop in its share price. Other significant losses were recorded by Youwecan Ventures Limited (YOUW) and National Power Construction Corporation Limited (NCPL), with declines of 3.57% and 2.77% respectively.

The trading session saw a total volume of 1,433.99 million shares, translating to a value of Rs 91.34 billion, or $326.14 million. Among the volume leaders, AGHA Steel Industries Limited and Pak Elektron Limited (PAEL) topped the charts with considerable trading activity.

Regionally, the market trends varied, with declines observed in India and Malaysia, whereas the Philippines index posted a positive change. The regional dynamics continue to influence the market sentiment at the KSE.

As the fiscal year progresses, the cumulative year-to-date performance shows a 49.39% gain for the KSE30 and a 47.69% gain for the KSE100, indicating robust overall growth despite the recent fluctuations.