KARACHI: The Shariah-compliant segment of the Pakistan Stock Exchange (PSX) faced a severe downturn on Thursday, with the KMI-30 index shedding nearly 2% of its value in a single session.
Opening at 236,591.54, the index faced immediate selling pressure, reaching an intraday low of 230,600.58 before closing at 234,097.76. This represents a massive decline of 4,583.61 points. The downturn was primarily driven by heavyweight energy and fertilizer stocks.
Pakistan Petroleum Limited (PPL) emerged as the biggest dragger, stripping 745.78 points from the index, followed by Engro Corporation and Fauji Fertilizer Company (FFC). In a market otherwise dominated by red, Meezan Bank (MEBL) stood as the lone survivor among major constituents, contributing a modest 39.68 points to the “Pullers” list.
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