Kian Santang Muliatama is trading at IDR 71.00, down 5.33%, amid broader Indonesian market pressure after MSCI proposed reclassifying the country from emerging-market to standalone status. - The proposal raised concerns about potential foreign fund outflows; available sources do not establish it as the direct cause of this session’s decline. - Prices weakened from IDR 86.00 on October 14 to IDR 75.00 on October 16 before the October 20 decline. - No clear company-specific announcement explaining the October 20 move was found.