KMI-30 declines, but maintains strong performance on an annual basis
The KMI-30 index recorded a decline on the Pakistan Stock Exchange on Monday, where the index closed at 243,225 with a decline of 1,761 points.
The market witnessed volatility during the day, which initially showed signs of improvement but later the selling pressure increased.
The energy sector played the biggest role in this market decline, where big names like OGDC and HUBC were prominent. Similarly, investors adopted a cautious attitude in the cement sector as well.
On the other hand, the positive aspect is that the KMI-30 index showed a growth of 31.55 percent during the financial year, which is proof that there is stability in the market on a long-term basis.
Experts say the current decline can be considered temporary, as the fundamentals in the market are still strong.
If economic stability and policy continuity continue, an improvement is expected in the coming days.
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