KMI-30 Surges Over 3,000 Points as Fertilizer and Banking Stocks Lead Strong Rally at PSX

Karachi: The Pakistan Stock Exchange (PSX) witnessed a powerful bullish session on Friday as the KMI-30 index posted an impressive surge of more than 3,000 points, reflecting strong investor confidence and aggressive buying in fertilizer, banking, and energy sectors.
According to the official market wrap, the KMI-30 index opened at 267,000.27 points and quickly gained momentum during trading hours. The benchmark touched an intraday high of 270,229.26 points, while the day’s low was recorded at 264,865.26 points. The index eventually closed at 269,497.03 points, registering a remarkable increase of 3,053.85 points.
This translates into a 1.15 percent positive change for the day, signaling renewed strength in the Islamic index and reinforcing bullish sentiment across the broader market.
Market analysts attributed the rally to institutional buying and improved investor expectations about economic stability, easing inflation pressures, and stronger corporate earnings.
Heavy Trading Volume
Trading activity remained robust, with index constituent volume recorded at 190.79 million shares, indicating active participation from both retail and institutional investors. Experts noted that strong liquidity supported the upward trajectory throughout the session.
The financial performance indicators also reflected a positive long-term trend. The KMI-30 has delivered an impressive 45.76 percent fiscal year-to-date (FYTD) return, while the calendar year-to-date (CYTD) gain stands at 8.43 percent.
Top Performing Stocks
Fertilizer giant FFC (Fauji Fertilizer Company) emerged as the biggest contributor, adding a massive 2,607.64 points to the index. Analysts said strong earnings outlook and steady dividend expectations boosted buying interest in the stock.
Other notable gainers included:
EFERT: +591.01 points
HUBC: +427.86 points
ENGROH: +388.83 points
MEBL: +251.36 points
These stocks collectively drove most of the day’s rally, particularly in fertilizer, energy, and banking sectors.
Draggers Limit Gains
Despite the strong upward movement, some stocks weighed on the index. Energy and oil exploration companies faced mild selling pressure.
Key laggards included:
OGDC: -293.25 points
PPL: -208.50 points
PSO: -147.40 points
LUCK: -139.07 points
SYS: -107.10 points
However, their negative impact was insufficient to counterbalance the broader buying trend.
Outlook
Market participants believe that if macroeconomic indicators continue to improve, the bullish momentum could persist in upcoming sessions. Analysts suggest that fertilizer and banking stocks may remain in focus due to stable earnings visibility.
Overall, Friday’s session reaffirmed the strength of Pakistan’s equity market, with investors showing renewed confidence in the KMI-30 index’s growth trajectory.