Karachi: The KSE-100 Index experienced a significant decline, falling by 5,479 points to close at 167,691, with a trading volume of 452 million shares. The main areas of activity were concentrated in the technology, power, and banking sectors.
According to Taurus Securities Limited, the best performing stocks in terms of price change were SSOM and EFERT, while the top decliners included IBFL, TRG, and BOP. The market developments come as broader economic and geopolitical factors continue to influence investor sentiment.
In related news, Pakistan and Saudi Arabia are poised to sign a strategic economic treaty, while the Federal Board of Revenue (FBR) has assured the International Monetary Fund (IMF) of its commitment to curbing corruption. Additionally, the trade gap with nine countries has widened by 42 percent, reaching $9 billion. Meanwhile, a National Assembly body has been informed that border closures and a ban by Russia have reduced potato exports by 50 percent.
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