Karachi: The Karachi Stock Exchange witnessed a significant downturn as both the KSE30 and KSE100 indexes dropped sharply. The KSE30 index fell by 2,017.91 points, closing at 52,658.79, while the KSE100 index decreased by 6,682.81 points, ending the day at 172,170.29. This represented declines of 3.69% and 3.74%, respectively.

According to Pakistan Stock Exchange Limited, the market experienced reduced activity, with turnover falling to 542,979,519 from a previous 697,682,334. The traded value also saw a substantial decrease, with current figures at 27,363,114,251 compared to the previous 49,992,138,245. Market capitalization suffered as well, dropping from 20,227,209,717,582 to 19,514,143,944,029.

The report also highlighted declines in the Direct Foreign Currency (DFC) and Over-the-Counter Derivatives (ODL) sectors. DFC turnover decreased to 139,974,000 from 164,954,000, while ODL saw a drop to 2,065 from 866. The traded value in the DFC sector fell to 8,902,055,895 from 13,111,995,635. The data did not report any changes in the Commodity Swap Futures (CSF) sector.

These figures indicate a challenging period for the Karachi Stock Exchange, reflecting broader market trends and investor sentiment.