Karachi: Pakistan Stock Exchange witnessed an impressive rally in its Islamic index on Thursday as the KMI-30 Index gained 6,529.72 points, closing at 260,872.72 points.
The benchmark index started the day at 255,872.21 points and moved steadily higher during the session, reflecting strong buying interest across major Shariah-compliant stocks. It recorded an intraday high of 260,996.55 points, demonstrating strong bullish momentum.
The session ended with a 2.57 percent increase, confirming that investor confidence in Islamic equities remains firm.
Performance Highlights
Opening: 255,872.21
High: 260,996.55
Low: 255,872.21
Closing: 260,872.72
Points Gained: 6,529.72
Percentage Change: 2.57%
These figures underline one of the strongest daily performances of the KMI-30 in recent weeks.
Leading Contributors
OGDC remained the star performer, followed by PPL, HUBC, ENGROH, and MEBL. Together, these five stocks accounted for the majority of the index’s upward movement.
Market analysts said that strong investor interest in energy and banking stocks reflects confidence in Pakistan’s long-term economic recovery.
Growth Indicators
The KMI-30 index has now posted:
FYTD growth: 41.10%
CYTD growth: 4.96%
These numbers place the KMI-30 among the best-performing Islamic indices in the region.
Market Participation
Total trading volume of 165.83 million shares highlighted strong market activity. Both institutional investors and individual traders remained active throughout the session.
Traders reported that buying momentum remained consistent until the close, with minimal selling pressure.
Investor Confidence
“The KMI-30 rally shows that investors are increasingly preferring Shariah-compliant stocks due to stability and transparency,” said a senior trader at PSX.
What’s Next
Experts believe that continued economic reforms, controlled inflation expectations, and stable corporate earnings could keep the KMI-30 index in positive territory in the coming days.
