FLASHNEWS:

Stock Market Sees Significant Declines as KSE Indices Fall

Karachi: The Karachi Stock Exchange (KSE) experienced notable declines on its two main indices, the KSE30 and KSE100, amid a broader regional downturn. The KSE30 index fell by 653.39 points, closing at 36,883.30, while the KSE100 index dropped by 1,949.55 points, ending the session at 122,143.57.

This marked a daily percentage decrease of 1.74% for the KSE30 and 1.57% for the KSE100. Despite these declines, the year-to-date performance for calendar year 2025 remains positive, with the KSE30 up by 1.94% and the KSE100 rising by 6.09%.

Among the gainers, Bank of Khyber (BNWM) saw a 7.39% increase in its share price, closing at 47.69. Bank Islami Pakistan Limited (BIPL) and Pakistan GasPort (PKGP) also posted gains, rising by 6.34% and 6.25% respectively.

Conversely, some stocks faced losses. Packages Limited (POML) led the decliners with a 7.63% drop, followed by Pioneer Cement Limited (PIOC) and International Industries Limited (INIL), which fell by 4.97% and 4.58%, respectively.

The market capitalization of the Pakistan Stock Exchange (PSX) decreased by 1.36%, now standing at Rs 14,747.77 billion, equivalent to US$ 52.12 billion. The total volume for the day was 968.35 million shares, with a total value of Rs 29.56 billion (US$ 104.46 million).

Regionally, other Asian markets also reported losses. The Shanghai Stock Exchange Composite Index fell by 0.8%, and the Korea Composite Stock Price Index (KOSPI) dropped by 0.9%. In contrast, the Philippine Stock Exchange Index (PSI) saw a slight increase of 0.2%.

Investors remain cautious as global economic uncertainties continue to impact market sentiment.