PSX Market Wrap: KMI-30 Closes Lower at 268,418 as Banks and Energy Stocks Weigh

The Pakistan Stock Exchange’s KMI-30 index finished lower on Monday after sustained selling in banking, cement, and energy shares overshadowed gains in technology and automobile stocks.
The index closed at 268,418.81, down 1,078.22 points, representing a 0.40 percent decline from the previous session.
Day at a Glance
Trading began at 270,661, with the market touching 272,969 during early hours. However, persistent selling later drove the index to 267,633, before a modest recovery near closing.
Top Pullers
Stocks supporting the market included:
SAZEW (+404.89 points)
SYS (+314.39 points)
MTL (+162.28 points)
FFC (+71.19 points)
FCCL (+70.65 points)
Major Drags
Biggest losses came from:
MEBL (-415.40 points)
ENGROH (-366.18 points)
LUCK (-244.55 points)
HUBC (-198.36 points)
MARI (-193.13 points)
Market Sentiment
Traders described the session as “range-bound but cautious,” with investors hesitant to take aggressive positions. Profit booking dominated as several stocks had rallied strongly in previous weeks.
Volume & Returns
Total index constituent volume reached 155.28 million shares. Despite the dip, performance indicators remain strong:
FYTD: 45.18%
CYTD: 8.00%
What’s Next?
Market strategists expect continued fluctuations in the short term. They recommend a defensive approach while keeping an eye on earnings, macroeconomic updates, and foreign investment flows.
If heavyweight stocks regain strength, the index may quickly recover. Until then, consolidation is likely to continue.