Pakistan Stock Exchange Reports Decline in Major Indices on April 29, 2024

Karachi, The Pakistan Stock Exchange (PSX) experienced a general decline in its major indices on April 29, 2024, as detailed in the latest market summary. The KSE-100 index, a key indicator of market health, fell by 1,047.72 points, closing at 71,695.03, marking a 1.44% decrease. The KSE-ALL-Shares index also saw a decline, dropping by 578.91 points to end at 46,910.55, a decrease of 1.22%.

In other notable movements, the KSE-30 index, which tracks the performance of the top 30 companies by market capitalization, decreased by 491.86 points, finishing the day at 23,542.01, reflecting a 2.05% drop. The broader KMI-30 index, which includes 30 of the most influential companies in the market, declined by 2,152.22 points to close at 120,262.63, a decrease of 1.76%.

Conversely, the PSXDIV20 index, which tracks dividend-paying stocks, showed a marginal increase of 3.51 points, closing at 28,443.62. This represents a slight gain of 0.01%, highlighting a mixed performance among high-dividend stocks. Meanwhile, the JSMFI index, focusing on small and mid-cap firms, was an outlier with an increase of 224.42 points, closing at 19,029.33, which is a 1.19% rise.

Overall, the market sentiment was bearish with 231 decliners outnumbering 133 advancers, indicating a challenging day for investors. The traded volume for the day stood at 613,314,754 shares, showing active participation despite the downturn in the indices.