Trading at the Pakistan Stock Exchange experienced strong volatility on Monday as the KMI-30 Index, one of the country’s leading Shariah-compliant benchmarks, recorded a significant drop during the session.
The index began the day at 211,431.45 points, reflecting a stable opening for the trading session.
In the early hours of trading, the market briefly moved upward and touched a high of 212,160.93 points, indicating initial positive sentiment among investors.
However, as the session progressed, downward pressure began to dominate the market.
Selling activity increased in several major companies that form a significant portion of the index. As a result, the market continued moving lower throughout the day.
By the close of trading, the KMI-30 Index settled at 204,708.56 points, representing a decline of 14,647.92 points, or 6.52 percent.
During the session, the market also touched its lowest point at 204,708.56 points, reflecting the strong downward momentum.
Market participation remained relatively active despite the decline.
Data released by the exchange shows that index constituent trading volume reached around 136.40 million shares, indicating that investors continued to trade actively.
Several companies contributed heavily to the decline in the index.
FFC emerged as the largest dragger of the day, reducing the index by 2,551.97 points.
It was followed by ENGROH, which contributed 1,812.93 negative points.
Other companies also played a role in pulling the market downward.
LUCK reduced the index by 1,651.09 points, while HUBC contributed -1,630.76 points.
Similarly, SYS added further pressure by contributing -958.77 points.
These companies collectively accounted for a large portion of the index decline seen during the session.
Looking at broader performance indicators, the Fiscal Year-to-Date performance of the index stands at 13.60 percent, indicating that the market has still produced gains since the start of the fiscal year.
However, the Calendar Year-to-Date return remains negative at -15.49 percent, highlighting the volatility experienced in the market so far in 2026.
The KMI-30 Index plays a crucial role in Pakistan’s Islamic financial market.
It tracks the performance of 30 Shariah-compliant companies listed on the Pakistan Stock Exchange, providing investors with an important benchmark for halal equity investments.
Daily fluctuations in the index reflect changes in investor sentiment, economic expectations, and financial market conditions.
As trading continues in the coming days, investors will be watching closely to see whether the market stabilises or continues to experience volatility.
