KARACHI: The Pakistan Stock Exchange’s Shariah-compliant KMI-30 index ended Tuesday’s session on a positive note, rising 1,456 points to close at 256,899.68.
The index opened at 256,087, touched an intraday high of 257,564, and fell to a low of 253,265 before recovering toward the close. Overall, the index recorded a 0.57 percent gain, reflecting steady investor confidence.
Trading activity remained healthy with constituent volume reaching 148.80 million shares, showing continued participation from institutional and retail investors.
Among the top gainers, Lucky Cement emerged as the biggest contributor, adding 383 points, followed by Meezan Bank Limited, OGDC, Pakistan Petroleum Limited, and Engro Holdings.
On the downside, Fauji Fertilizer Company (FFC) remained the major dragger, pulling the index down by 183 points, while Sazew, PSO, EFERT, and Glaxo also weighed on performance.
Market analysts stated that energy and cement sector buying provided support, while selective profit-taking was seen in fertilizer and pharmaceutical stocks.
The KMI-30 index’s financial year-to-date return now stands at 38.95 percent, while its calendar year-to-date return is 3.36 percent, indicating sustained growth in Shariah-compliant equities.
