The Pakistan Stock Exchange’s Shariah-compliant benchmark, KMI-30 Index, recorded a historic session on Thursday as it surged 6,529.72 points, reflecting strong investor confidence in Islamic equities.
The index opened at 255,872.21 points and maintained a strong upward trajectory throughout the trading session. It touched an intraday high of 260,996.55 points before closing slightly lower at 260,872.72 points, still firmly in positive territory
The day’s performance represented a 2.57 percent increase, making it one of the strongest sessions for the KMI-30 in January 2026.
Trading Activity Shows Broad Participation
Index constituent volume reached 165.83 million shares, indicating healthy liquidity and widespread participation by both institutional and retail investors.
On a fiscal year basis, the KMI-30 has now delivered a remarkable 41.10 percent growth, while calendar year growth stands at 4.96 percent, highlighting the continued strength of Islamic equity investments in Pakistan.
Major Stocks Drive the Rally
Oil & Gas Development Company Limited (OGDC) emerged as the top contributor, adding 1,314.57 points to the index. Pakistan Petroleum Limited (PPL) followed closely with a 975.63-point contribution.
Hub Power Company (HUBC) supported the index with 631.56 points, while Engro Holdings (ENGROH) added 538.90 points. Meezan Bank Limited (MEBL) further strengthened the rally with a 471.40-point contribution.
Analysts noted that energy, banking, and diversified conglomerates remained the backbone of the KMI-30 performance.
Investor Sentiment
Market participants described the session as a clear signal that Shariah-compliant stocks are attracting increasing investor attention due to stable earnings outlook and long-term growth potential.
“The consistency in volumes and index movement shows strong confidence in Islamic financial instruments,” said a Karachi-based equity analyst.
Outlook
Experts believe that if economic stability continues and corporate earnings remain supportive, the KMI-30 index may continue to explore new highs in coming weeks.
Investors are advised to remain selective, focus on strong fundamentals, and maintain a disciplined approach.
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