Investors returned to the Pakistan Stock Exchange with cautious optimism on February 4, pushing the KMI-30 index slightly higher in a session marked by selective accumulation of blue-chip stocks. The Shariah-compliant benchmark closed at 265,288.04 points, up 591.63 points, or 0.22 percent, reflecting stability in the broader market.
The trading day began on a positive note at 265,126.52, with buying interest driving the index toward its intraday peak of 266,658.54. Mid-session selling, however, pulled the benchmark down to 264,107.60, highlighting the tug-of-war between bulls and bears. Still, late-session buying helped secure a positive close.
Financial and industrial stocks dominated the rally. Meezan Bank emerged as the session’s star performer, accounting for the largest points addition. Engro Holdings also attracted strong interest from institutional investors, while Lucky Cement, Searle, and Millat Tractors supported the uptrend.
Meanwhile, losses in select counters capped the gains. Technology stock Systems Limited and fertilizer giant EFERT remained under pressure, while PPL, SAZEW, and Mari Petroleum also recorded declines, acting as draggers on the index.
Market participation remained robust with 70.28 million shares traded among index constituents, reflecting continued investor engagement. Experts say that steady volumes suggest confidence among both retail and institutional investors.
From a broader perspective, the KMI-30’s performance remains impressive. The index has surged 43.49 percent in the current fiscal year, underlining strong medium-term growth, while CYTD returns stand at 6.74 percent, signaling sustained upward momentum.
Market watchers expect consolidation in the near term but believe long-term prospects remain favorable, particularly for banking, cement, and energy sectors. If macroeconomic indicators stay stable, the PSX could extend its rally in the coming weeks.
PSX closes firm as investors accumulate blue-chips; KMI-30 posts steady gains
