Strong Buying Lifts KMI-30 Index Above 230,000 Points in Pakistan Stock Exchange Rally

A wave of strong buying pushed the KMI-30 Index above the 230,000-point level at the Pakistan Stock Exchange on March 5, 2026, marking a major rally driven by energy and banking stocks.

According to official market data, the index closed at 230,597.11 points after gaining 10,582.05 points during the trading session. The surge represents a daily increase of 4.81 percent and signals renewed investor confidence in Pakistan’s stock market.

The trading session began with the index opening at 220,617.93 points. Throughout the day, investors continued buying shares of major companies, pushing the index higher. The market reached its highest level of 231,102.22 points before closing slightly below that mark.

The lowest level recorded during the day was 220,548.35 points, indicating that the market remained strong even during brief periods of selling pressure.

Market analysts say the rally reflects improving sentiment among investors who are becoming more optimistic about Pakistan’s economic outlook and corporate earnings.

Among the companies that played a major role in lifting the index was Oil and Gas Development Company Limited, which contributed about 1,375 points to the overall index movement. The company is considered one of the most influential energy firms listed on the exchange.

Power generation company Hub Power Company was another major contributor, adding more than 1,300 points to the index. The company continues to attract investor interest due to its strong financial position and reliable revenue stream.

Similarly, Engro Corporation contributed around 1,242 points to the index gain. The company operates in multiple sectors including fertilizers, energy and petrochemicals, making it a key player in Pakistan’s corporate landscape.
Islamic banking giant Meezan Bank Limited also supported the rally, adding over 1,057 points to the index.

The bank has shown consistent growth over the past few years as demand for Islamic banking services continues to increase.

Meanwhile, Pakistan Petroleum Limited contributed nearly 932 points, further strengthening the market’s upward movement.

Trading volumes remained strong during the session, with index constituent stocks recording a total volume of about 158.11 million shares. The strong trading activity suggests that both institutional and retail investors actively participated in the market.

Looking at the broader trend, the KMI-30 Index has posted a fiscal year-to-date gain of 24.72 percent, reflecting strong performance in the Shariah-compliant segment of Pakistan’s equity market.

However, the calendar year-to-date performance currently stands at -7.22 percent, indicating that the market experienced fluctuations earlier in the year before the recent recovery.

Financial analysts say that continued economic reforms, improving investor sentiment and strong corporate earnings could support further growth in the market.
At the same time, experts caution investors to carefully evaluate market conditions before making investment decisions, as global economic factors and domestic policy changes can influence stock market trends.

The latest rally in the KMI-30 Index highlights renewed momentum in Pakistan’s equity market and demonstrates the growing role of large-cap companies in driving performance at the Pakistan Stock Exchange.