FLASHNEWS:

KSE Indices Decline Sharply Amid Market Volatility

Karachi: The Karachi Stock Exchange witnessed a significant downturn on Monday, with both the KSE30 and KSE100 indices experiencing notable declines. The KSE30 index fell by 3,333.70 points, closing at 44,996.51, while the KSE100 index dropped by 11,015.95 points to settle at 146,480.15. Both indices registered percentage declines of nearly 7%, indicating a volatile trading session.

According to Pakistan Stock Exchange Limited, the market saw a substantial increase in turnover, with 621,653,341 shares traded in the regular market compared to the previous session's 363,145,903 shares. Traded value also rose significantly in the regular market, reaching 37,116,641,826, up from 23,108,286,582. Despite the higher turnover, market capitalization decreased to 16,601,171,214,530 from 17,698,430,319,011, reflecting the overall decline in market indices.

The day's trading saw the KSE100 index reach a high of 150,174.10 and a low of 144,119.44, while the KSE30 index fluctuated between a high of 46,030.64 and a low of 44,121.95. The downturn in the indices indicates a challenging period for traders and investors amid ongoing market uncertainties.