KMI-30 Drops 3,757 Points on February 25, 2026 – Engro, PPL Lead Losses

The KMI-30 Index witnessed heavy selling pressure on Tuesday as the benchmark Shariah-compliant index at the Pakistan Stock Exchange (PSX) closed sharply lower. The index settled at 229,014.43 points, registering a decline of 3,757.33 points or 1.61 percent compared to the previous session.

The trading session began on a relatively stable note with the index opening at 233,687.94 points. During intraday trade, the KMI-30 touched a high of 234,844.04 before persistent selling dragged it down to a low of 228,317.87 points.

Market participants observed that profit-taking in heavyweight stocks played a major role in the downward movement.

Total index constituent volume stood at 138.56 million shares, reflecting active participation despite the negative close. Analysts suggest that investors remained cautious amid sector-specific pressures and broader market consolidation.

Among the major drags on the index, Engro Holdings contributed a negative 662.17 points, emerging as the biggest laggard of the day. Pakistan Petroleum Limited (PPL) followed with a 398.99-point negative contribution, while Lucky Cement shed 329.23 points.

DG Khan Cement and OGDC also weighed heavily on the benchmark, pulling it down by 311.87 and 225.19 points respectively.

On the positive side, Cnergyico PK Limited provided support with a 74.06-point contribution. Cherat Packaging (CPHL) and Fauji Cement Company Limited (FCCL) added modest gains of 4.93 and 1.68 points, respectively.

However, these gains were not sufficient to offset the broader selling pressure across energy and cement sectors.

From a broader perspective, the index remains 23.87 percent up on a fiscal year-to-date (FYTD) basis. However, calendar year-to-date (CYTD) performance stands at negative 7.86 percent, indicating volatility in the early months of 2026.

Market experts believe that global commodity price fluctuations and investor sentiment toward energy stocks are influencing current trends. The energy sector, which holds significant weight in the KMI-30 index, continues to drive overall performance.

Investors are closely monitoring upcoming corporate announcements and macroeconomic developments that could shape market direction in the coming sessions. Technical analysts suggest that immediate support lies near the 228,000 level, while resistance is seen around 234,800.

Despite the decline, analysts emphasize that market corrections are part of healthy consolidation phases. Long-term investors are advised to focus on fundamentals rather than short-term volatility.