Karachi: The Pakistan Stock Exchange witnessed a sharp decline in its major indices, with the KSE100 index falling by 6,042.26 points, representing a 3.21% decrease. The KSE30 index also saw a drop of 2,105.04 points, marking a 3.63% decrease. Market capitalization contracted by 2.68%, with the total value standing at Rs 20,617.89 billion.

According to JS Global, the KSE100 index's performance was influenced by significant losses in key stocks. FFC experienced the largest drop, with a 9.93% decrease in its share price. Other notable decliners included PTC, ILP, and THALL, which saw declines of 5.64%, 5.03%, and 4.83% respectively. Despite the overall downward trend, a few stocks registered gains, including AVN, which rose by 1.08%, and MEHT, with a 0.74% increase.

The volume of shares traded reached 933.10 million, with a total transaction value of Rs 66.41 billion. The market's year-to-date performance remains positive, with the KSE100 and KSE30 indices showing gains of 4.76% and 4.92% respectively for the calendar year. However, the fiscal year-to-date figures reflect more robust growth, with increases of 45.14% for the KSE100 and 46.58% for the KSE30.

Regional markets provided a mixed backdrop, with Korea's KOSPI index gaining 1.0% and China's SSEA index up by 0.2%. In contrast, markets in Indonesia, Malaysia, and the Philippines experienced declines. As the Pakistan Stock Exchange navigates these fluctuations, market participants will closely watch for any signs of stabilization or further volatility.