PSX Ends Slightly Lower as Fertilizer and Power Stocks Trigger Selling Pressure

The Pakistan Stock Exchange experienced a mixed day of trading on January 28, with the KMI-30 index closing in the red after investors booked profits in major fertilizer and power sector stocks.
The benchmark index fell by 177.46 points, or 0.07 percent, finishing the session at 267,197.87. During the day, the market remained volatile, swinging between a high of 268,981.14 and a low of 266,760.67.
The market opened at 268,401.07, showing early strength, but later lost momentum as selling intensified in key heavyweights.
Despite today’s small dip, the overall performance remains encouraging. The KMI-30 has posted a strong 44.52 percent rise in the fiscal year and a 7.51 percent gain since the start of the calendar year, reflecting continued recovery in investor confidence.
Active Trading
Trading activity stayed robust with over 107 million shares changing hands among index constituents. Analysts said this healthy volume signals sustained interest from both institutional and retail investors.
Top Gainers
Energy and industrial stocks helped cushion losses. Pakistan Petroleum Limited (PPL) was the biggest supporter, contributing over 521 points to the index. OGDC also played a key role, adding 217 points.
Sazgar Engineering, Engro Holdings, and Attock Refinery further strengthened the market, showing steady demand.
Major Losers
On the flip side, Fauji Fertilizer Company (FFC) dragged the index sharply lower, erasing more than 510 points. Other notable decliners included Mari Petroleum, Hub Power Company, Engro Fertilizers, and Systems Limited.
Experts believe the declines were mainly due to profit-taking after recent gains rather than any fundamental weakness.
Market Sentiment
Financial analysts described the day as “a normal correction phase.” After weeks of gains, investors often sell shares to secure profits, causing temporary declines.
“Investors should not worry about small daily fluctuations. The long-term outlook remains positive,” said a market strategist.
What’s Next?
Going forward, traders will keep an eye on earnings announcements, government economic policies, and foreign exchange movements. Stable macroeconomic conditions could help the market regain upward momentum.
For now, the KMI-30 remains in consolidation mode, with selective buying expected in strong sectors.