Trading at the Pakistan Stock Exchange ended on a bearish note on February 6, 2026, as the KMI-30 Index succumbed to heavy selling pressure in the latter half of the session. Despite a relatively stable start, the market failed to sustain momentum, with energy and banking stocks leading the decline and pushing the benchmark index sharply lower.
The index began the day at 265,361.06 points and briefly climbed to a high of 265,372.70 points, indicating initial investor confidence. However, selling gradually intensified, particularly in heavyweight counters, causing the market to reverse gains quickly. By midday, the benchmark had entered negative territory, and the downward trend accelerated as the session progressed.
At its lowest, the KMI-30 slipped to 258,951.52 points, highlighting the extent of the selling wave. The market ultimately closed at 259,907.89 points, down by 5,380.16 points. This marked a loss of 2.03 percent compared to the previous session, signaling one of the steeper single-day drops seen recently.
Market volume for index constituents reached 102.57 million shares, reflecting moderate participation. Analysts observed that many investors preferred to book profits rather than hold positions amid uncertain conditions. Some traders also attributed the decline to global commodity trends and cautious sentiment in regional markets.
Even with the day’s losses, the broader outlook remains partially encouraging. The fiscal year-to-date performance stands at an impressive 40.58 percent, while calendar year-to-date gains are recorded at 4.57 percent. These figures suggest that the index still maintains upward strength over the longer term.
In terms of stock-specific movements, Sazgar Engineering (SAZEW) topped the gainers’ list by contributing 157.20 points to the index. Millat Tractors (MTL) followed with a 24.47-point positive impact. Both companies attracted buying interest from investors seeking stability in manufacturing and industrial stocks.
However, these gains were overshadowed by major draggers. Pakistan Petroleum Limited (PPL) emerged as the biggest negative contributor, dragging the index down by 904.95 points. Fauji Fertilizer Company (FFC) shaved off 661.20 points, while MCB Bank (MEBL), Hub Power Company (HUBC), and Oil & Gas Development Company (OGDC) added to the pressure. The combined effect of these stocks weighed heavily on the overall market performance.
Experts suggest that the PSX may continue to experience fluctuations as investors respond to economic developments and earnings expectations. Nonetheless, they maintain that long-term investors should focus on diversified portfolios and strong fundamentals.
The session serves as a reminder that market corrections are a natural part of trading cycles, and disciplined strategies are essential to navigate volatility effectively.
