The benchmark KMI-30 Index at the Pakistan Stock Exchange rebounded strongly on February 20, 2026, climbing 1.01 percent amid buying in energy, cement and technology stocks. The index settled at 242,931.39 after gaining 2,420.10 points during the session.
The market opened cautiously at 241,156.49 but soon gained traction as investors returned to fundamentally strong stocks. The intraday high of 244,184.52 reflected improved sentiment, while the low of 236,700.70 indicated early volatility before recovery.
OGDC led the charge among pullers, followed by MLCF and PPL, suggesting renewed strength in the oil and cement sectors. SYS and ENGROH also provided solid support, signaling diversification in buying interest.
On the downside, a few stocks limited overall gains. MTL emerged as the leading dragger with a 61.45-point negative contribution, while EFERT and PRL recorded moderate losses. However, these declines were not sufficient to offset the strong rally in heavyweight stocks.
With trading volume recorded at 83.21 million shares, analysts describe the session as balanced yet optimistic. The steady participation indicates investor confidence despite earlier corrections in February.
The broader fiscal performance remains encouraging, with FYTD returns at 31.39 percent. Analysts believe that consistent earnings growth and policy clarity could further strengthen the equity market in coming weeks.
Market experts recommend cautious optimism, advising investors to focus on sector fundamentals and long-term trends rather than short-term fluctuations.
OGDC, MLCF Lead KMI-30 Rally as PSX Posts 1% Daily Gain
