Pakistan Stock Exchange’s KSE-100 index closed sharply down on the day, losing 5,149.80 points. This was a 2.87% drop from the previous close of 179,603.73 to finish at 174,453.93. Trading was active with 378.7 million shares changing hands, valued at Rs37.38 billion. The index saw high swings, hitting a high of 179,969.22 and a low of 173,574.26 points during the session. Topline Securities said, "the steep drop was primarily driven by foreign outflows, as reflected in the previous session’s data." It added, "escalating political noise further dampened investor confidence, intensifying the bearish momentum." The market is facing strong headwinds due to both foreign selling and uncertain politics. Among top active stocks, K-Electric Limited fell 4.91% to Rs8.13 on heavy volume of 63.8 million shares. Worldcall Telecom Limited dropped 6.13% to Rs1.53 with 62.2 million shares traded. Bank of Punjab plunged 8.55% to Rs33.25 on 56.1 million shares. On the plus side, Trust Securities & Brokerage Limited rose 19.90% to Rs2.29, 786 Investments Limited gained 10.03% to Rs17.88, and Tariq Corporation (Pref) was up 10.01% at Rs16.93. Biggest losers included LSE Capital Limited (Right) down 22.61% to Rs1.78, Gulistan Spinning Mills down 12.09% at Rs11.58, and Kohinoor Industries down 10.01% to Rs50.27. Heavyweights like Fauji Fertiliser, United Bank, Engro Holdings, Habib Bank, and Bank AL Habib collectively pulled the index down by 1,680 points. Topline Securities noted that bearish pressure continued as the ongoing corporate results failed to meet investor expectations. Bears dominated last week’s trading, keeping the market in a negative mood.