Karachi: The Karachi Stock Exchange (KSE) witnessed a significant downturn as both the KSE30 and KSE100 indices recorded substantial losses on the back of widespread selling pressure. The KSE100 index dropped by 11,015.93 points, translating to a 6.99% decline, closing at 146,480.16. Meanwhile, the KSE30 index decreased by 3,333.69 points, representing a 6.90% fall, settling at 44,996.51.

According to JS Global, market capitalization of the Pakistan Stock Exchange (PSX) also took a hit, with a decline of 6.20%, bringing it down to Rs 16,601.17 billion, or approximately US$ 59.42 billion. The year-to-date change for the calendar year 2026 stands at -15.69%, reflecting a challenging period for the market. The trading session saw a total volume of 621.65 million shares traded, with a total value of Rs 37.12 billion, equivalent to US$ 132.86 million.

Among the gainers, PGLC saw a price increase of 5.28% to close at 12.95. Conversely, YOUW led the losers with a significant drop of 13.68%, ending the day at 3.47. Other notable decliners included KOSM and UNITY, which saw their prices decrease by 13.40% and 10.15%, respectively.

Regional markets also faced downward trends, with South Korea's KOSPI experiencing a 6.0% decline, and Indonesia's JKSE and the Philippines' PSI indices falling by 3.3% and 5.0%, respectively. The only exception in the region was Korea, which showed a positive year-to-date change of 24.6%.