KMI-30 Index down 1.30%, OGDC and ENGROH top market losers

The KMI-30 Index saw a sharp decline on April 29, 2026, and the index closed at 238,681.37 points, down 1.30%.

The index opened at 242,792.87, and hit a high of 244,074.86 on the day, but the index fell to 237,973.07 due to selling pressure from investors. This big drop has caused serious losses to investors, and market analysts say that this downturn may be temporary, but investors need to be cautious.

The main reasons behind this decline include the decline in the stocks of some large companies. In particular, companies included in the “draggers”, such as OGDC, caused the index the most damage, with a decrease of -540.10 points.

In addition, ENGROH (-533.87), PPL (-502.03), PSO (-388.85), and MEBL (-197.33) also played a significant role in further lowering 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 the downturn may be temporary, but investors need to be cautious.

Such a large drop in the index could 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.