Karachi: At the end of the trading day on April 29, 2026, the KMI-30 index remained in a major decline, in which investors had to suffer significant losses.
The market opened at 242,792 points, however, after fluctuations throughout the day, the index closed at 238,681 points. During this time, the market also saw a high of 244,074 points and a low of 237,973 points.
A major decline of 3,152 points was recorded at the end of the day, which shows a negative change of about 1.30 percent.
The trading volume was 216.35 million shares, indicating moderate activity in the market.
Market Highlights:
- FYTD Performance: 29.10% Positive
- CYTD Performance: -3.97% Negative
Stocks Pressuring the Market:
- OGDC
- ENGROH
- PPL
- PSO
- MEBL
These companies played a major role in dragging down the overall market. Stocks
Supporting the Market:
- MTL
- DGKC
- FCCL
- EFERT
- SNGP. Although some stocks showed positive performance, the overall market remained under pressure.
Analysis:
According to experts, selling pressure in the energy and oil sectors was the major reason for the market decline, while investors adopted a cautious strategy.
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