According to Topline Securities, SYS, NML, ILP, MTL, and SNGP provided the most support to the index, collectively adding 222 points.

However, losses in FFC, HUBC, LUCK, MARI, and UBL dragged the index down by 344 points.

The most actively traded stocks by value included MARI (Rs2.57 billion), PSO (Rs2.01 billion), SNGP (Rs936 million), OGDC (Rs726 million), and ATRL (Rs631 million).

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Overall, the traded volume stood at 368 million shares, with a total value of Rs23.2 billion ($84 million).

Ahsan Mehanti of Arif Habib Corp said that the market pressure followed the government’s decision to raise profit rates on National Savings Schemes (NSS) in line with the Monetary Policy Committee (MPC)’s status quo on key interest rates.

He added that a weaker rupee, economic uncertainty, contraction in Large-Scale Manufacturing (LSM) by 1.8% for 7MFY25, and delays in IMF relief approvals on industrial power tariffs contributed to the bearish close.