KARACHI: It was a tough day for Shariah-compliant stocks at the Pakistan Stock Exchange. The KMI-30 index closed at 261,472 today, down nearly 1% from the opening bell.
The Big Picture: Even with today’s loss, the market is still up over 41% for the fiscal year, keeping long-term investor sentiment cautiously optimistic.
The Big Drop: The index lost 2,323 points, primarily due to heavy selling in Engro Holdings and Meezan Bank.
Bright Spots: PAEL, Mari Petroleum, and Fauji Fertilizer (FFC) managed to stay green, preventing a deeper slide.
