Market Draggers: SNGP & PSO underperform as KMI-30 still gains 3,321 points

Despite a strong overall performance by the KMI-30 Index on March 31, 2026, which saw the index close up 3,321.53 points at 216,075.56, several key stocks failed to participate in the rally. Analysis of the day’s “Pullers & Draggers” reveals a mixed performance at the constituent level, while the index as a whole enjoyed a 1.56% gain and a trading volume of 75.58 million shares.

​The primary drivers behind the positive sentiment were a group of strong performing stocks. MEBL (Meezan Bank Ltd.) led the ‘Pullers’ with a substantial contribution of 541.49 points, followed closely by LUCK (Lucky Cement) with 511.74 points. Other significant positive contributors included OGDC (455.68 points), MARI (336.13 points), and ENGROH (277.33 points).