Pakistan equities witnessed a sharp sell-off, with the market plunging into a severe downturn amid intense selling pressure. The KSE-100 Index tumbled by 6,042 points (-3.21 percent), closing the session at 182,338 points. The steep decline was largely driven by Fauji Fertilizer Company’s (FFC) earnings announcement, which fell short of market expectations due to weaker-than-anticipated gross margins. Furthermore, market speculation had fueled expectations of a stock split or bonus issue—neither of which materialized. K-Electric (KEL) dominated the volumes chart, leading the market with over 104 million shares traded.