Karachi: Confidence is gradually returning to the Pakistan Stock Exchange as the KMI-30 Index records a solid trading session, reflecting renewed buying interest in blue-chip stocks. The index is posting a 1.37 percent rise, adding more than 3,500 points and closing at 261,050.23 after touching a session high near 265,000 points.
Market participants are showing strong interest in energy, cement, and banking shares, which are driving the day’s gains. Engro is leading the rally with over 730 points of contribution, followed by Lucky Cement and Meezan Bank. Mari Petroleum and PPL are also attracting investors as energy demand expectations improve.
The day’s performance is being supported by heavy trading volumes exceeding 116 million shares, indicating active market participation. Analysts say this reflects strengthening confidence among both short-term traders and long-term investors.
Although a handful of stocks, including Fauji Fertilizer Company and Sui Southern Gas, are trading lower and acting as draggers, their impact is not sufficient to reverse the overall bullish trend. The broader outlook remains encouraging, with the index showing more than 4 percent growth since the start of the fiscal year and 5 percent on a calendar basis.
Financial experts suggest that if economic stability and corporate earnings continue to improve, the KMI-30 could maintain its upward trajectory in the coming weeks.
