Investors at the Pakistan Stock Exchange ended the trading week on a celebratory note as the KMI-30 index delivered one of its strongest performances in recent weeks, climbing over 3,000 points in a single session.
The Islamic index opened at 267,000 and saw steady buying from the start. Throughout the day, bulls dominated the floor, pushing the benchmark to an intraday high of 270,229 points before closing comfortably at 269,497 points.
By the closing bell, the index had gained 3,053 points, marking a solid 1.15 percent increase.
Market watchers described the session as “broad-based and healthy,” with buying seen across fertilizer, power, and banking stocks.
Why Did the Market Rise?
Experts say several factors helped fuel the rally:
Strong corporate earnings expectations
Attractive stock valuations
Heavy institutional participation
Positive macroeconomic outlook
The trading volume also reflected strong interest, with nearly 191 million shares exchanged among KMI-30 constituents.
Biggest Winners
The star of the day was FFC, which alone contributed more than 2,600 points to the index. The stock attracted heavy buying on expectations of stable profits and dividends.
Other strong performers included:
EFERT
HUBCO
Engro Holdings
Meezan Bank
These stocks helped keep the momentum alive throughout the session.
Stocks Under Pressure
Not every stock moved upward. Oil and exploration companies faced selling pressure as investors booked profits.
Stocks like OGDC, PPL, PSO, Lucky Cement, and Systems Limited pulled the index slightly lower but failed to offset the heavy gains in fertilizer and banking sectors.
Yearly Performance Remains Impressive
The KMI-30’s performance this year remains noteworthy. The index has already posted:
45.76% FYTD growth
8.43% CYTD gains
This suggests strong investor confidence in Shariah-compliant stocks.
What’s Next?
Analysts believe the market could continue its upward trajectory if volumes remain strong and economic stability persists. Traders are advised to focus on fundamentally strong companies.