PSX KMI-30 Plunges Over 2,300 Points as Heavyweights Engro and MEBL Drag Index Lower

The Pakistan Stock Exchange (PSX) Shariah-compliant index faced significant selling pressure on Thursday, with the KMI-30 sliding by 0.88%. The index closed at 261,472.18, shedding a total of 2,323.37 points by the end of the trading session.

Despite an intraday high of 265,329.61, the market failed to sustain momentum. The downturn was largely driven by major “draggers,” with ENGROH leading the decline by shaving 906.03 points off the index, followed by MEBL (-588.70) and SYS (-336.85).

Trading volume for index constituents remained active at 320.16 million shares. While the daily performance was sluggish, the index maintains a robust Fiscal Year to Date (FYTD) return of 41.42%, suggesting that today’s dip may be a short-term correction within a broader bullish cycle.