Karachi: The Karachi Stock Exchange (KSE) experienced a downturn as the KSE100 index fell by 463.34 points, closing at 120,002.59, a decline of 0.38%. The KSE30 index also reported a decrease, shedding 64.39 points to settle at 36,441.73, marking a 0.18% drop. This decline occurred amid a broader regional market downturn, with benchmarks in China, India, and Taiwan also reporting losses.

Trading volume on the Pakistan Stock Exchange (PSX) reached 604.54 million shares, with a total value of 20.44 billion rupees, equivalent to 72.07 million US dollars. The market capitalization saw a reduction of 0.59%, standing at 14,523.52 billion rupees, or 51.20 billion US dollars.

The session's top gainers included Youw, which rose by 8.74%, and Habib Metropolitan Bank (HMB), which increased by 2.02%. Meanwhile, significant losses were seen in Pakgen Power Limited (PKGP), which dropped by 10%, and Ibrahim Fibres Limited (IBFL), which fell by 6.05%.

The regional market performance showed mixed results. China's Shanghai Stock Exchange Composite Index (SSEA) dropped by 0.8%, and Taiwan's TWII fell by 1.6%. Conversely, Korea's KOSPI posted a 0.2% gain, continuing its positive trajectory for the year.

The PSX's 12-month average daily turnover remains at 622.88 million shares, with an average daily turnover value of 27.76 billion rupees, or 99.44 million US dollars. Despite the recent downturn, the year-to-date performance for FY25 shows substantial gains, with the KSE100 index up by 52.98%.

Market analysts suggest that the current volatility is a reflection of both global economic pressures and specific local market factors. Investors are advised to monitor these trends closely as the market adjusts to ongoing economic developments.