Karachi – The KMI-30 Index at the Pakistan Stock Exchange ended Friday’s trading session on a negative note, shedding 1,468.03 points to close at 235,325.12.
The Shariah-compliant benchmark witnessed a volatile session on February 27, 2026, as investors engaged in profit-taking in key oil and fertiliser stocks. The index opened at 234,929.38 and moved within a wide range during the day. It touched an intraday high of 237,589.79 before slipping to a low of 231,932.08.
By the closing bell, the index recorded a decline of 0.62 percent, reflecting cautious sentiment in the broader equity market.
Market Overview
Despite early optimism, selling pressure intensified in the second half of the session. Analysts believe that investors chose to book profits after recent rallies, particularly in heavyweight exploration and production companies.
The total traded volume of KMI-30 constituent stocks stood at 71.27 million shares, indicating moderate participation from investors.
Stocks That Dragged the Market
The biggest negative contributors to the index included:
- OGDC (-223.42 points)
- PPL (-218.65 points)
- MARI (-185.40 points)
- FFC (-163.53 points)
- SYS (-144.45 points)
Heavy selling in the energy and fertiliser sectors weighed significantly on the benchmark.
Stocks That Supported the Index
Despite the overall decline, some stocks provided relief:
- ENGRO (+198.48 points contribution)
- MEBL (+167.81 points contribution)
Strong buying interest in select banking and industrial stocks prevented further losses.
Performance Snapshot
- Open: 234,929.38
- High: 237,589.79
- Low: 231,932.08
- Close: 235,325.12
- Change: -1,468.03 points
- % Change: -0.62%
- FYTD: +27.28%
- CYTD: -5.32%
While the calendar year performance remains under pressure, the fiscal year-to-date return of 27.28 percent reflects solid long-term momentum.
Outlook
Market experts suggest that volatility may continue in upcoming sessions due to sector rotation and investor repositioning. However, analysts maintain that fundamentally strong Shariah-compliant stocks remain attractive for long-term investors.
The KMI-30 remains a key indicator for Islamic investors seeking compliant investment opportunities in Pakistan’s equity market.
