KMI-30 Surges 2.29% as Pakistan Stock Exchange Extends Bullish Momentum

The Pakistan Stock Exchange (PSX) witnessed an impressive rally on Monday as the KMI-30 Index surged by more than 5,500 points amid strong investor confidence and heavy buying in major sectors.

Market data released by the PSX showed that the KMI-30 Index closed at 246,565.71 points, up by 5,524.54 points from the previous close. The benchmark Islamic index also recorded a daily gain of 2.29 percent.

The market opened at 245,534.97 points and remained positive for most of the trading session. The index touched a high of 246,976.81 points while the session low was recorded at 244,267.96 points.

Analysts said the bullish momentum was mainly driven by buying in fertilizer, banking, cement, and oil and gas exploration stocks. Trading volume among index constituents reached 111.44 million shares, indicating active participation by investors.
ENGRO remained the top-performing stock in terms of index contribution, adding 730.06 points. LUCK followed with 646.68 points, while FFC contributed 565.63 points.

MEBL and OGDC also remained among the leading gainers, adding 481.37 points and 424.05 points respectively.

The fiscal year-to-date return of the KMI-30 Index stood at 33.36 percent, reflecting strong performance over the ongoing fiscal year. Meanwhile, the calendar year-to-date return remained negative at -0.79 percent despite the latest rally.

Experts believe the market reacted positively to improving macroeconomic indicators and expectations of greater economic stability. Investors also showed confidence in blue-chip companies with strong earnings potential.

The Pakistan Stock Exchange has experienced increased volatility in recent months due to inflation concerns, policy uncertainty, and global financial pressures. However, recent gains suggest investors are becoming more optimistic about the country’s economic outlook.

Financial experts noted that institutional buying played a major role in Monday’s rally. The positive movement in heavyweight stocks helped lift overall market sentiment and encouraged broader participation.

Investors are now closely monitoring upcoming monetary policy decisions, inflation data, and economic reforms that may affect market direction. Analysts believe sustained policy stability and improving business confidence could help maintain bullish momentum at the PSX.

The latest surge in the KMI-30 Index is being viewed as an encouraging sign for Pakistan’s capital market, especially after recent periods of cautious investor behavior.