KMI-30 Index plunges by 3,152 points, investors lose billions of rupees

Title (SEO Title): Meta Description: News: The KMI-30 Index of the Pakistan Stock Exchange (PSX) witnessed a severe bearish trend on April 29, 2026, and the index recorded a huge decline of 3,152.79 points. This decline is evidence that there is severe selling pressure in the market, which indicates a decrease in investor confidence. The index opened at 242,792.87 points, but closed at 238,681.37 points at the end of the day. Due to this big decline, the index fell by -1.30% in percentage terms. The index hit a high of 244,074.86, while the low was 237,973.07. In terms of volume, the total volume of index components was 216.35 million, indicating activity in the market. The index has recorded a rise of 29.10% since the beginning of the financial year, but has fallen by -3.97% since the beginning of the current year. The main reasons behind this decline include the decline in the stocks of some major companies. In particular, companies included in the “draggers”, such as OGDC, caused the index the most damage, with a decline of -540.10 points. In addition, ENGROH (-533.87), PPL (-502.03), PSO (-388.85), and MEBL (-197.33) also contributed to the further decline in the index. In contrast, the companies included in the “pillars” tried to provide some support to the index, but they failed to stem the downward spiral. These include MTL (+183.64), DGKC (+97.12), FCCL (+26.34), EFERT (+16.05), and SNGP (+5.65). Market analysts say that this downturn may be temporary, but investors need to be cautious. Such a large decline in the index can be a wake-up call for investors, and they need to make prudent decisions regarding their investments. PSX has clarified that this information is for informational purposes only, and does not constitute investment advice.