Energy Stocks Power KMI-30 Rally at Pakistan Stock Exchange

Energy Stocks Power KMI-30 Rally at Pakistan Stock Exchange

The Pakistan Stock Exchange witnessed another positive session on Tuesday as the KMI-30 index climbed 1,828 points to settle at 266,571.54, driven mainly by energy, fertilizer, and exploration sector stocks.
The index traded within a wide range of over 3,400 points, highlighting active participation from institutional and retail investors alike.
ENGROH emerged as the biggest contributor, adding nearly 596 points, followed by PPL, SAZEW, OGDC, and PSO — collectively responsible for the bulk of the day’s gains.
However, banking and cement stocks faced selling pressure. Meezan Bank (MEBL) led the decline, dragging the index by more than 373 points, while HUBC and Lucky Cement also remained under pressure.
Market experts said the positive FYTD return of 44.18 percent reflects the resilience of Islamic equities despite global uncertainties.
They added that sustained foreign interest and improving liquidity conditions could further support the KMI-30 index in the coming sessions.