KMI-30 Ends Deep in Red Amid Heavyweight Stock Declines

The KMI-30 Index at the Pakistan Stock Exchange closed sharply lower on February 16, 2026, as sustained selling pressure pushed the benchmark down by 7,017.29 points. The index finished the session at 246,378.79, reflecting a 2.77 percent decline compared to its opening level of 253,230.25.
Throughout the trading session, the market remained under pressure, with the index hitting a low of 245,012.55. Investors appeared cautious, opting to book profits in key large-cap stocks that have previously driven market gains. The day’s high remained at the opening mark, indicating a steady downward trajectory as the session progressed.
Trading activity remained robust, with index constituent volume recorded at 122.98 million shares. Analysts view this as a sign of strong participation despite the bearish tone, suggesting that both institutional and retail investors were actively adjusting positions.
Engro Holdings emerged as the top dragger, contributing a loss of 912.49 points to the index. Oil and Gas Development Company, Meezan Bank Limited, Lucky Cement, and Fauji Fertilizer Company also exerted considerable downward pressure. The combined impact of these stocks accounted for a substantial portion of the overall decline.
While the session’s performance was negative, broader metrics show mixed trends. The fiscal year-to-date gain of 33.26 percent indicates that the market has delivered solid returns over a longer horizon. However, the calendar year-to-date performance stands at negative 0.87 percent, reflecting the recent correction phase.
Financial analysts believe that short-term volatility may continue as investors respond to domestic economic indicators and global market developments. Energy price movements and corporate earnings announcements are likely to remain key drivers of sentiment.
Market participants are encouraged to adopt disciplined investment strategies, focusing on long-term value rather than reacting to short-term swings. The sharp fall in the KMI-30 serves as a reminder that equity markets can fluctuate significantly within a single session.
As the week unfolds, investors will look for cues indicating whether the index can regain momentum or extend its corrective phase. For now, caution appears to be the prevailing sentiment on the trading floor.