Marking a 1.88% drop, the index closed at 115,019.82 points and raised alarm bells among investors and market watchers.

Trading activity also took a hit, with volume sliding to 506 million shares, down from over 605 million the previous day. Total share value also dropped to Rs 24.48 billion, signaling reduced investor confidence.

Also read: Gold rates in Pakistan: Is a big price swing coming soon?

Out of 456 companies, only 83 saw gains, while a staggering 339 companies saw their share prices fall, and 34 remained unchanged.

According to PSX website, the three top trading companies were Power Cement with 37,316,356 shares at Rs 14.45 per share, WorldCall Telecom with 31,229,796 shares at Rs 1.31 per share and Sui South Gas with 23,402,994 shares at Rs 41.05 per share.

The data revealed Unilever Pakistan Foods Limited witnessed a maximum increase of Rs 449.98 per share closing at Rs 23,392.71 whereas runner-up was PIA Holding Company Limited with Rs 263.83 rise in its share price to close at Rs 2,983.90.

Rafhan Maize Products Company Limited witnessed a maximum decrease of Rs 145.00 per share price, closing at Rs 8,800.00, whereas the runner-up Nestle Pakistan Limited with Rs 50.99 decline in its per share price to Rs 6,998.00, it revealed.