Karachi: The Pakistan Stock Exchange (PSX) is witnessing renewed investor confidence as the KMI-30 index is closing the latest trading session firmly in the green, supported by strong buying activity across key heavyweight stocks. The benchmark Shariah-compliant index is settling at 259,664.81 points, gaining 1,734.22 points, reflecting a healthy 0.67 percent increase compared to the previous close.
The session is beginning on a positive note with the index opening at 258,602.39 points. Momentum is gradually building during the day as institutional investors and local buyers step in, pushing the market to an intraday high of 261,441.79 points. Although mild profit-taking is briefly dragging the index down to a low of 257,569.60 points, the market is recovering strongly by the close.
Trading activity is remaining robust, with 146.46 million shares exchanged among index constituents, highlighting improved participation and liquidity. Market analysts are observing that consistent volumes are signaling stronger investor conviction and growing trust in equities, particularly in fundamentally sound companies.
Heavyweight stocks are playing a decisive role in steering the index upward. Engro Holdings (ENGRO) is emerging as the largest contributor, adding an impressive 1,191 points to the index. Lucky Cement (LUCK) is following with a 499-point boost, supported by expectations of improved construction demand and infrastructure activity. Meezan Bank (MEBL), Maple Leaf Cement (MLCF), and Hub Power Company (HUBC) are also contributing positively, further strengthening the market’s upward direction.
On the flip side, a few stocks are limiting gains. Pakistan Petroleum Limited (PPL) is weighing on the index with a 281-point drag, while Sazgar Engineering (SAZEW), OGDC, FFC, and GHNI are also facing selling pressure. However, these declines are not strong enough to offset the overall bullish momentum.
From a broader perspective, the KMI-30’s fiscal year-to-date (FYTD) gain of 40.45 percent is underlining the strong recovery trend in Pakistan’s equity market. Meanwhile, the calendar year-to-date (CYTD) performance of 4.48 percent is suggesting that the positive start to 2026 is continuing.
Market participants are attributing the rally to improving macroeconomic indicators, easing inflation expectations, and renewed interest from local institutions. If the current trend persists, analysts believe the index may test new highs in the coming sessions.
Overall, the trading day is reflecting optimism and stability, with selective buying dominating sentiment and reinforcing confidence in the Shariah-compliant segment of the PSX.
