Shariah-Compliant Stocks Face Volatility
With the KMI-30 index closing down by 0.66% on January 15, retail and institutional investors are weighing their next moves. The index, which tracks the 30 most liquid Shariah-compliant companies, has shown a volatile start to the second half of January 2026.
According to the latest Market Wrap, the index is currently trading well above its previous lows, supported by a strong 37.57% FYTD growth. However, the “Change in Points” indicator shows a significant -1,686.68 movement today, highlighting the impact of heavyweights like ENGROH and Systems Ltd on the Islamic index.
Key Metrics for Investors:
- Current Close: 254,342.99
- Daily Low: 252,934.99 (potential support level)
- Total Volume: 110.75 Mn (Index Constituents)
Financial experts advise caution but note that the Oil and Gas sector (OGDC & PPL) remains a bright spot. For those looking at the “CYTD” (Calendar Year to Date) return of 2.34%, the current dip might offer an entry point into high-performing Shariah-compliant stocks that have recently undergone a price correction.
We welcome your contributions to The Pakistan Today. Submit your blogs, articles, press releases, news story pitches and news features to our editorial team.
Please send your submissions to our News Desk or Editorial team. We look forward to hearing from writers, journalists and contributors.
