PSX’s KMI-30 Ends Higher After Volatile Session; Fertilizer and Cement Stocks Dominate

The KMI-30 Index at the Pakistan Stock Exchange ended the trading session higher after a day marked by volatility and sector rotation, as investors shifted funds into fertilizer and cement stocks while trimming exposure in oil and selected banking counters.
The benchmark opened at 257,530 points and quickly gained momentum amid early buying interest. The index climbed to 258,499 points during the first half of the session, reflecting optimism among investors seeking stable Shariah-compliant assets. However, mid-session profit-taking caused temporary dips, creating sharp swings before the market stabilized.
By the closing bell, the KMI-30 had settled at 257,930 points, registering a gain of 1,431 points. Market analysts described the movement as a balanced rally driven by selective accumulation rather than broad speculation.
Total trading volume stood at 244.46 million shares, signaling active participation. Experts noted that strong volumes often indicate healthy liquidity and confidence among traders.
Fertilizer and cement stocks dominated the session. Engro remained the top contributor, adding over 1,400 points to the index. Lucky Cement followed with significant gains, supported by expectations of rising construction activity. Fauji Fertilizer and Hub Power also attracted investor interest, boosting overall performance.
On the downside, Engro Fertilizers and Meezan Bank weighed on sentiment, while OGDC and PPL faced selling pressure due to fluctuating global oil prices. Sazgar Engineering also declined, limiting the index’s upward movement.
Despite these setbacks, analysts believe the broader market remains strong. With fiscal year gains approaching 40 percent, the KMI-30 has emerged as one of the best-performing indices in the region. Investors are increasingly turning to Shariah-compliant equities for long-term stability and consistent dividends.
Looking ahead, experts anticipate continued positive momentum supported by improving macroeconomic indicators and corporate profitability. They recommend a cautious but optimistic approach, focusing on fundamentally sound stocks.
The session ultimately demonstrated that while short-term corrections are inevitable, the overall trend remains upward.