According to a market report by Topline Securities, investor sentiment remained mixed, largely due to the ongoing Ramazan period.

The upward momentum in the session was driven by gains in ENGROH, TGL, LUCK, PIBTL, and NESTLE, which collectively added 155 points to the index.

However, losses in EFERT, FFC, and PSO dragged the market down by 181 points.

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Trading volumes remained steady, with 262 million shares exchanged, generating a total turnover of Rs13 billion. PIBTL emerged as the volume leader, trading 53 million shares.

Ahsan Mehanti of Arif Habib Corp, attributed the market’s downturn to external and macroeconomic pressures.

“Stocks fell sharply lower amid a selloff in Asian markets and a slump in global crude oil prices triggered by Trump’s tariff war,” Mehanti said.

He added that foreign outflows, a weakening rupee and expectations of higher CPI inflation further contributed to the bearish close.