KMI-30 Rally Signals Growing Strength of Shariah-Compliant Market at PSX

Karachi: The Pakistan Stock Exchange’s Shariah-compliant segment delivered another strong performance on Monday as the KMI-30 Index surged by 3,870.74 points, closing at 264,743.45, reinforcing investor optimism about Islamic equity investments.
The index began the session at 262,669.04 points and remained in positive territory throughout the day. Buying momentum pushed it to an intraday high of 264,998.04, while the lowest level recorded was 262,630.83.
Strong Participation
Trading activity remained robust, with index constituent volume reaching 175.88 million shares, reflecting sustained interest from investors.
Market experts said that Shariah-compliant stocks are increasingly attracting long-term investors due to stable dividends, ethical investment principles, and relatively lower volatility.
Performance Snapshot
Close: 264,743.45
Change: +3,870.74 points
Daily Gain: 1.48%
FYTD: 43.19%
CYTD: 6.52%
These numbers highlight the strong upward trend of the KMI-30 Index over both short and long terms.
Leading Contributors
ENGROH once again led the market by adding more than 1,300 points to the index. HUBC and MEBL followed, while FFC and PSO also provided solid support.
Analysts noted that fertilizer and banking stocks remain attractive due to consistent earnings growth and dividend potential.
Draggers Remain Limited
MARI, SYS, OGDC, SNGP, and PPL posted marginal declines, but their negative contribution was not sufficient to disturb the market’s positive momentum.
Broader Market Implications
Experts believe that the performance of KMI-30 reflects broader confidence in Pakistan’s economic outlook. Controlled inflation, expectations of interest rate stability, and improving fiscal indicators are supporting equity valuations.
Shariah-compliant stocks, in particular, are benefiting from rising demand among investors seeking ethical and sustainable investment opportunities.
Investment Outlook
Analysts advise investors to remain cautious yet optimistic. While the market shows strength, global economic developments and local political factors should be monitored closely.
However, the overall structure of the KMI-30 suggests that it remains well-positioned for medium- to long-term growth.
As Pakistan’s capital market continues to mature, the KMI-30 Index is expected to play an increasingly important role in attracting both domestic and international Islamic investors.