Pakistan Stock Exchange: KMI-30 Index Declines 2.56% as Major Companies Drag Market Down

Karachi – Trading at the Pakistan Stock Exchange remained volatile on Thursday as the KMI-30 Index recorded a notable decline of 2.56 percent during the session.
Market data released after the close of trading showed that the index ended the day at 224,687.33 points, compared to the opening level of 230,851.30 points.
The decline represents a loss of 5,909.78 points, highlighting strong selling activity in several major companies listed on the exchange.
During the trading session, the market struggled to maintain upward momentum. After opening at its peak level of 230,851.30 points, the index gradually moved downward as investors opted to book profits.
The lowest point recorded during the day was 223,671.87 points before the index settled slightly higher by the closing bell.
Analysts noted that the decline was mainly driven by heavyweight companies whose price movements significantly influence the index.
Among the stocks that had the biggest negative impact were Engro Holdings, Lucky Cement, Hub Power Company, Meezan Bank Limited, and Systems Limited.
Engro Holdings emerged as the largest dragger, reducing the index by over 1,067 points.
Lucky Cement followed with a negative contribution of 684.81 points, while Hub Power Company pushed the index down by nearly 588 points.
Meezan Bank Limited and Systems Limited also added pressure to the market with declines exceeding 550 points each.
However, some companies managed to provide support and prevented the market from falling further.
Attock Refinery Limited was the top positive contributor, adding more than 92 points to the index.
Millat Tractors also supported the market with a contribution of 36.32 points, while Sui Southern Gas Company added about 13.39 points.
Trading activity remained steady with index constituent volume recorded at around 101.59 million shares.
Market participants said the activity shows that investors remain engaged in trading despite short-term uncertainty.
Looking at broader performance indicators, the KMI-30 Index has still delivered strong gains during the current fiscal year.
The index’s financial year-to-date return stands at 21.53 percent, reflecting strong performance over the past several months.
However, since the start of 2026, the index has declined by about 9.60 percent on a calendar year basis.
Experts believe that market sentiment may continue to fluctuate depending on economic developments, including inflation data, interest rate policies, and global financial trends.
They also emphasized that long-term investors should focus on company fundamentals and sector growth potential rather than reacting to daily market swings.
The Pakistan Stock Exchange remains one of the key platforms for investment and capital formation in the country, and analysts expect continued activity as investors evaluate new opportunities in the coming weeks.