Strong Buying in Cement, Energy and Banking Stocks Pushes KMI-30 Higher

Buying activity across cement, energy, and banking stocks is helping the Pakistan Stock Exchange’s Shariah-compliant KMI-30 index close higher, reflecting improved sentiment among investors. The index is gaining 1,734.22 points, ending the session at 259,664.81, up 0.67 percent from the previous close.
The market is opening at 258,602.39 points and is gradually building momentum as the day progresses. Investors are showing renewed interest in blue-chip counters, pushing the benchmark to a peak of 261,441.79 points. Although some mid-session profit-taking is pulling the index to 257,569.60 points, the recovery is swift and strong, suggesting solid buying support.
Trading volume is remaining encouraging at 146.46 million shares, indicating active participation. Analysts note that consistent liquidity is helping maintain stability and preventing sharp fluctuations.
The rally is largely being powered by heavyweight stocks. Engro is taking the lead with a remarkable 1,191-point contribution, followed by Lucky Cement’s 499 points. Meezan Bank, Maple Leaf Cement, and Hub Power are also adding strength, highlighting investor preference for reliable and high-growth sectors.
Conversely, PPL is emerging as the primary laggard, pulling the index down by 281 points. Other decliners such as SAZEW, OGDC, FFC, and GHNI are also experiencing selling pressure, reflecting sector-specific weakness.
Despite isolated losses, the broader picture remains positive. The index’s 40.45 percent FYTD gain is showcasing strong long-term recovery, while 4.48 percent CYTD growth is reinforcing confidence in the current year’s prospects.
Market participants believe improving economic indicators, stabilizing currency trends, and strong corporate earnings are helping sustain buying interest. If these factors continue, the KMI-30 may maintain its upward path in the coming days.
By the closing bell, sentiment remains upbeat, with investors cautiously optimistic about further gains in Pakistan’s equity market.