Karachi: The Pakistan Stock Exchange experienced a downturn as the KSE100 and KSE30 indices recorded significant losses on the latest trading day. The KSE100 index fell by 3,702.50 points, marking a 1.97% decrease, while the KSE30 index saw a drop of 1,261.46 points, a 2.19% decline. The decline contributed to an overall reduction in market capitalization, both in local currency and USD terms.

According to JS Global, the market capitalization of the Pakistan Stock Exchange decreased by 1.86%, bringing it to Rs 20,882.78 billion, or approximately $74.66 billion. The KSE100 index, which had seen a year-to-date increase of 5.79%, faced a setback, reflecting broader market turbulence.

In terms of individual stocks, K-Electric Limited (KEL) emerged as one of the top gainers, with its price increasing by 7.58% to Rs 8.94. In contrast, National Bank of Pakistan (NBP) was among the top losers, experiencing a decline of 8.01%, closing at Rs 263.48. The total trading volume reached 1,272.64 million shares, with a total value of Rs 60.36 billion, equivalent to $215.79 million.

The regional markets displayed mixed performances, with Indonesia's JKSE index declining by 2.1% and Korea's KOSPI index decreasing by 1.4%, while India's BSESN and Malaysia's KLSE indices showed marginal positive changes. The data underscores the continued volatility in global markets, impacting investor sentiment and stock performance on various exchanges.