The Pakistan Stock Exchange (PSX) started the week on a highly positive note as the KMI-30 Index recorded a major jump of over 5,500 points during trading on Monday, signaling renewed momentum in the country’s equity market.
Official market data showed that the KMI-30 Index closed at 246,565.71 points, gaining 5,524.54 points compared to the previous session. The benchmark index also posted a 2.29 percent increase, reflecting strong buying activity throughout the day.
The trading session began at 245,534.97 points before climbing steadily to an intraday high of 246,976.81 points. During the session, the market also touched a low of 244,267.96 points, showing significant movement before ending in positive territory.
Market participation remained active as total constituent volume reached 111.44 million shares. Investors mainly focused on large-cap stocks in fertilizer, banking, cement, and energy sectors, which helped drive the market higher.
The biggest contributors to the rally included ENGRO, LUCK, FFC, MEBL, and OGDC. ENGRO led the gains by contributing 730.06 points to the index. LUCK added 646.68 points, while FFC supported the benchmark with 565.63 points. MEBL and OGDC also played a major role in pushing the market upward.
Financial analysts described the session as one of the strongest daily performances in recent weeks. They linked the rally to improved investor sentiment, expectations of economic recovery, and optimism over future corporate earnings.
The fiscal year-to-date return of the KMI-30 stood at 33.36 percent, highlighting strong market performance over the longer term. However, the calendar year-to-date figure remained slightly negative at -0.79 percent, indicating that the market still has room to recover from earlier declines.
Experts believe the strong performance reflects confidence in Pakistan’s key listed companies despite ongoing economic challenges. The banking and fertilizer sectors particularly remained attractive due to stable earnings expectations and investor confidence.
The Pakistan Stock Exchange has recently shown signs of stabilization after periods of volatility linked to inflation concerns, exchange rate fluctuations, and global economic uncertainty. Monday’s rally is being viewed as a positive signal for investors seeking opportunities in the local market.
Traders said continued economic reforms, lower inflation expectations, and policy stability could further support the market in the coming weeks. Investors are now awaiting fresh economic indicators and corporate results that may influence the next direction of trading.
Market observers added that if investor confidence remains stable, the PSX could continue its recovery trend and attract higher local participation in upcoming sessions.