KMI-30 Gains Over 2,100 Points as Buying in ENGRO, HUBC Powers Market Rally

Karachi: The Pakistan Stock Exchange (PSX) witnessed a strong bullish session on Thursday as the KMI-30 Index posted impressive gains, closing sharply higher amid renewed investor confidence and aggressive buying in heavyweight stocks.
According to the daily market wrap, the KMI-30 opened the session at 264,675.08 points and moved within a broad trading range. The index touched an intraday high of 266,983.98 points while recording a low of 263,701.22 points, reflecting healthy volatility during the trading day. By the closing bell, the benchmark index settled at 266,443.18 points, marking a gain of 2,103.94 points, or 0.80 percent.
Market participants attributed the rally to institutional interest in energy, fertilizer, and conglomerate stocks, which helped sustain upward momentum throughout the session.
Trading activity remained firm, with index constituent volume recorded at 171.92 million shares, indicating strong investor participation. The positive trend also contributed to improved annual performance metrics, with the index now showing 44.11% fiscal year-to-date (FYTD) growth and 7.20% calendar year-to-date (CYTD) gains.
Top Performers Lift Market
Heavyweight stocks played a decisive role in pushing the index upward.
Among the leading contributors:
ENGRO added 791.83 points
HUBC contributed 294.43 points
EFERT gained 281.97 points
ATRL added 241.35 points
LUCK chipped in 121.42 points
Analysts noted that strong buying in ENGRO and HUBC reflected investor expectations of stable earnings and dividend prospects, particularly in the energy and fertilizer sectors.
Draggers Limit Gains
Despite the overall bullish tone, a few stocks weighed on the index:
MARI fell by 59.28 points
SYS declined 53.55 points
FFC shed 37.84 points
GLAXO and SEARL also recorded losses
However, these declines were insufficient to offset the strong gains in leading stocks.
Market Sentiment
Experts believe the continued stability in macroeconomic indicators, improving liquidity, and growing institutional participation are helping restore confidence in equities.
“Investors are selectively accumulating fundamentally strong companies, especially in energy and fertilizer segments,” a market analyst said. “If volumes remain supportive, the index could test higher resistance levels in coming sessions.”
The sustained FYTD performance suggests that the broader market outlook remains constructive despite short-term volatility.
Outlook
Going forward, traders will closely monitor corporate earnings announcements, economic indicators, and global commodity prices for further cues. Analysts expect consolidation near current levels before another upward move.
Overall, Thursday’s performance reflects strengthening investor appetite and renewed optimism in Pakistan’s equity market, positioning the KMI-30 for potential further gains in the near term.