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KMI-30 Index Plunges 6,718 Points on Mar 16, 2026 | PSX Market Analysis

Web Desk 1 month ago 0

KARACHI: It was a challenging session on the Pakistan Stock Exchange as the Shariah-compliant KMI-30 index tumbled sharply on Monday, erasing key psychological support levels. The index closed deep in the red at 213,420.67 points, marking a decline of 6,718.51 points (-3.05%).

Market Pressure Explained

Despite pockets of long-term support, Monday’s trading session reflected a clear bearish sentiment, driven by heavy selling across major sectors.

KMI-30 Performance Data (Mar 16, 2026)
Metric Value
Opening Value219,789.43
Intraday High220,318.88
Intraday Low212,812.27
Closing Value213,420.67
Points Change-6,718.51
Percentage Change-3.05%
Constituent Volume (Mn)74.84
CYTD Change (%)-14.13%
FYTD Change (%)15.43%

Short-Term vs Long-Term Trends

  • FYTD Growth: Fiscal Year to Date remains robust at 15.43%, reflecting gains earlier this year.
  • CYTD Slide: Calendar Year to Date is down -14.13%, with Monday’s session accelerating the decline.

Pullers vs Draggers

The market’s downturn was dominated by major “Draggers.” Fauji Fertilizer (FFC) alone erased over 1,009 points, overwhelming gains from the leading “Pullers.” Systems Limited (SYS) contributed 229.39 points but was insufficient to offset the broad sell-off.

Looking Ahead

Investors are watching the 212,812.27 low as a key technical support. Breaching this level may invite additional selling pressure as the CYTD trend continues to unfold.

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