Pakistan’s stock market closed on a positive note Thursday as the KMI-30 Index climbed significantly, supported by strong investor demand in energy, fertilizer, and industrial stocks.
Trading began on an upbeat tone, with the index opening at 264,675 points. Throughout the session, buying momentum kept the market in the green, pushing it to a day’s high of 266,983 points. Even though the index briefly slipped to 263,701 points, buyers quickly regained control.
At the end of trading, the benchmark closed at 266,443 points, showing a healthy gain of over 2,100 points or 0.80 percent.
Major Contributors
ENGRO emerged as the biggest contributor to gains, followed by HUBC and EFERT. Analysts said these stocks attracted investors due to strong earnings expectations and stable growth prospects.
Other contributors included ATRL and LUCK, which helped strengthen overall sentiment.
Market Participation Strong
Trading remained active, with volumes touching 171.92 million shares, signaling confidence among investors.
Performance indicators showed continued improvement, with 44% growth during the fiscal year and over 7% gains this calendar year, highlighting sustained strength in Shariah-compliant stocks.
Some Pressure Points
Not all stocks performed well. MARI and SYS posted losses, while FFC, GLAXO, and SEARL also ended lower. Still, these declines did little to dampen the broader rally.
Investor Mood
Market observers believe improving economic stability and attractive valuations are drawing fresh investment into equities.
“Confidence is returning gradually, and investors are focusing on fundamentally sound companies,” said a market dealer.
Conclusion
Thursday’s strong close suggests that the PSX may continue its positive momentum if current trends persist. With rising participation and sectoral strength, the KMI-30 appears well-positioned for further gains in the days ahead.
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