The benchmark KSE-100 Index of the Pakistan Stock Exchange closed with a heavy loss of 3,714.58 points. The index settled at 157,496.10 points compared to 161,210.68 points in the previous trading session. This showed a negative change of 2.30 percent during the day.
Trading activity also slowed down noticeably. A total of 363,145,903 shares were traded in the market compared to 723,879,788 shares in the previous session. The total value of traded shares dropped to Rs23.108 billion, while it had reached Rs35.179 billion a day earlier.
Overall, 468 companies traded their shares in the stock market. Among them, 105 companies recorded gains while 311 companies faced losses. Meanwhile, the share prices of 52 companies remained unchanged.
Among the most active stocks, K-Electric Ltd led the trading list with 36,917,726 shares at Rs7.81 per share. Cnergyico PK followed with 22,424,861 shares priced at Rs6.70 per share, while Unity Foods Ltd recorded trading of 19,052,764 shares at Rs9.46 per share.
In terms of share price increases, Rafhan Maize Products Company Limited recorded the highest gain of Rs64.88 per share, closing at Rs9,199.00. Service Industries Limited was the second top gainer with an increase of Rs32.49 per share, ending at Rs1,538.99.
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On the losing side, PIA Holding Company LimitedB saw the biggest drop, falling by Rs687.00 per share to close at Rs16,206.50. Unilever Pakistan Foods Limited followed with a decline of Rs624.25 per share, closing at Rs25,069.75.
Activity in the futures market also remained mostly negative. Out of 316 companies that traded, only 26 recorded gains while 288 declined and two companies remained unchanged.
The sharp fall in the PSX shows that investors were nervous. Many traders preferred selling instead of taking risks. Market experts say global uncertainty and local economic concerns may have pushed investors to act carefully. If confidence returns, the market could recover in the coming sessions.
