The KMI-30 index at the Pakistan Stock Exchange showed a strong upward movement on Wednesday, signalling improved activity in the stock market.
The index started the day at 240,659.95 points and gradually gained momentum. During the session, it reached a peak of 247,230.78 points, while the lowest point recorded was 240,431.27 points. The market closed at 246,406.23 points, reflecting a gain of 9,855.14 points.
This performance represents a 4.17% increase, highlighting strong positive movement in a single trading day. The total volume of shares traded within index constituents reached 267.53 million, showing solid market participation.
Looking at long-term performance, the index has gained 33.27% on a financial year-to-date basis, indicating steady growth over recent months. However, on a calendar year basis, the index is still slightly down at -0.86%, showing mixed trends over time.
Key stocks played a vital role in driving the market upward. LUCK led the gains with a 1,333.25 points contribution, followed by PPL (1,114.65 points) and OGDC (1,088.55 points). Additional support came from Engro Holdings (918.61 points) and FFC (708.90 points).
The strong contribution from these major companies reflects positive movement in core sectors of the economy, including energy, construction, and agriculture-related industries.
The overall session highlights a strong recovery trend in the stock market, with increased buying activity pushing the index higher.