KMI-30 Maintains Bullish Trend with Strong FYTD Return

Karachi: The KMI-30 index maintained its bullish trajectory on January 20, closing firmly above the 266,500 level, as investor sentiment remained optimistic in Shariah-compliant stocks.
The index recorded:
Open: 265,980.56
High: 266,911.68
Low: 263,444.02
Close: 266,571.54
The daily gain of 0.69 percent reflects continued accumulation in selected heavyweight stocks, particularly in the oil, gas, and fertilizer sectors.
From a longer-term perspective, the index’s 44.18 percent FYTD return signals strong structural growth, while the 7.26 percent CYTD increase shows stability at the start of the new calendar year.
Technical analysts note that the index is currently trading above key support zones, and any sustained volume above 210 million shares could push the benchmark toward new highs in upcoming sessions.