KMI-30 Ends 1.61% Lower Despite Early Gains – Market Wrap Feb 25

Karachi: The KMI-30 Index at the Pakistan Stock Exchange reversed early gains on February 25, 2026, as late-session selling pressure pushed the benchmark into negative territory.

After touching an intraday high of 234,844.04 points, the index closed at 229,014.43, down 3,757.33 points.
The session opened at 233,687.94 points and initially showed signs of bullish momentum.

However, profit-booking in major energy and cement stocks triggered a downward trend. The index eventually hit a low of 228,317.87 points before settling near that level at closing.

Trading activity remained solid, with 138.56 million shares changing hands among index constituents. Analysts described the session as volatile, driven largely by heavyweight stock movements rather than broad-based weakness.

Engro Holdings led the draggers’ list, shaving off over 662 points from the index. Pakistan Petroleum Limited (PPL) and Lucky Cement followed as major contributors to the decline. DG Khan Cement and Oil & Gas Development Company (OGDC) also recorded significant negative contributions.

Meanwhile, Cnergyico PK Limited emerged as the top performer among pullers, contributing 74.06 positive points. Cherat Packaging and Fauji Cement posted minor gains, reflecting selective buying interest.
On a fiscal year-to-date basis, the KMI-30 remains up by 23.87 percent, signaling strong performance over the longer term.

However, the calendar year has started on a cautious note with a 7.86 percent decline so far.

Market observers suggest that investors are adjusting portfolios ahead of key economic data releases and corporate earnings announcements. The energy sector continues to dictate direction due to its heavy weighting in the index.

Going forward, analysts expect consolidation in the near term. If the index sustains above the 228,000 support level, recovery could be possible. However, continued weakness in heavyweight stocks may keep pressure intact.