Top performers in terms of price change in stock market were PSEL, AGP, and PKGS as the KSE-100 index faced a significant drop, closing at 112,564 points after shedding 361 points. A total of 596 million shares were traded, indicating a day of high activity on the stock market.
According to a statement by Taurus Securities Limited, in terms of price change, SHEL, HGFA, and PGLC were the leading decliners. The trading activity was primarily concentrated in the banking, chemical, and cement sectors, reflecting investor interest and market movements in these industries.
In other financial updates, the foreign exchange reserves have fallen below $16 billion due to debt payoffs, and imported RLNG prices have seen an increase. Additionally, the government has unveiled a new project selection criteria to cap new Public Sector Development Programme (PSDP) projects at 10 percent, alongside the removal of the Financial Security Agreement (FSA) requirement for new power projects.