KMI-30 Jumps 5,524 Points as PSX Witnesses Strong Bullish Rally

Karachi – Pakistan’s equity market witnessed a strong bullish session on Monday as the KMI-30 Index posted a sharp gain of more than 5,500 points, reflecting renewed investor confidence and broad-based buying activity across key sectors.

According to the latest data, issued by the Pakistan Stock Exchange (PSX), the KMI-30 Index closed at 246,565.71 points, registering an increase of 5,524.54 points during the trading session. The benchmark Islamic index also recorded a 2.29 percent rise on a day-on-day basis.

The market opened at 245,534.97 points and moved within a wide range during the session. It touched an intraday high of 246,976.81 points while the lowest level remained at 244,267.96 points. The positive close indicates strong investor participation and aggressive accumulation in heavyweight stocks.

Trading activity remained healthy, with index constituent volume recorded at 111.44 million shares. Analysts said the sharp upward movement was supported by buying in oil and gas, fertilizer, banking, and industrial sectors.

Among the top contributors to the index gains were ENGRO, LUCK, FFC, MEBL, and OGDC. ENGRO emerged as the leading performer with a contribution of 730.06 points, followed by LUCK with 646.68 points. FFC added 565.63 points, while MEBL and OGDC contributed 481.37 points and 424.05 points respectively.

Market experts noted that investor confidence improved amid expectations of economic stability, easing inflationary pressure, and optimism regarding corporate earnings. The rally also reflected stronger sentiment in large-cap stocks that dominate the KMI-30 Index.

Despite the strong daily performance, the calendar year-to-date (CYTD) figure remained slightly negative at -0.79 percent, showing that the market is still recovering from earlier volatility. However, the fiscal year-to-date (FYTD) performance stayed firmly positive at 33.36 percent, indicating sustained momentum over the longer term.

Analysts believe institutional investors remained active throughout the session, particularly in energy and fertilizer stocks, which continued to attract strong buying interest. The bullish trend also encouraged retail investors to re-enter the market after recent cautious trading sessions.

The Pakistan Stock Exchange has remained sensitive to macroeconomic developments, currency stability, and external financing expectations.

Positive signals related to economic reforms and fiscal discipline have recently supported investor sentiment.

The latest rally in the KMI-30 Index may further strengthen confidence in the local equity market if economic indicators continue to improve.

Traders are now closely watching upcoming corporate announcements and economic policy measures that could influence market direction in the coming sessions.

While volatility may continue in the short term, analysts said sustained foreign inflows, stable monetary policy, and improving business confidence could help maintain upward momentum at the PSX.