Karachi: The Pakistan Stock Exchange (PSX) experienced a notable downturn, with both KSE30 and KSE100 indices registering significant declines. The KSE100 index dropped by 1,598.82 points, marking a 1.39% decrease, while the KSE30 index fell by 564.28 points, a 1.56% reduction.

According to a statement by JS Global, the PSX market capitalization also saw a decrease, with a 1.50% decline in market cap in rupee terms, bringing the total to Rs 14,001.98 billion. In dollar terms, the market cap is now $50.21 billion. Year-to-date, the market capitalization has seen a 3.41% decrease.

Despite the overall decline, some stocks showed gains. Fauji Cement Company Limited (FCCL) rose by 7.17%, Kohat Cement Company Limited (KOHC) increased by 2.52%, and D.G. Khan Cement Company Limited (DGKC) went up by 2.11%. However, major losers included Mari Petroleum Company Limited (MARI), which fell by 9.79%, and Pakistan GasPort Consortium Limited (PGLC), which decreased by 8.26%.

The total trading volume for the day amounted to 743.63 million shares, with a value of Rs 35.25 billion ($126.39 million). The 52-week average daily trading volume stands at 581.20 million shares, with a value of Rs 23.56 billion.

In comparison to regional markets, while some Asian indices such as Korea's KOSPI and Indonesia's JKSE recorded gains, others like China's SSEA and Malaysia's KLSE saw declines. This mixed performance in regional markets highlights ongoing global market fluctuations impacting investor sentiments.

The PSX's year-to-date performance reflects a challenging landscape, with the KSE100 and KSE30 indices down by 1.46% and 1.51%, respectively. However, on a fiscal year basis, both indices have shown growth, with the KSE100 up by 44.62% and the KSE30 by 40.95%.