KSE-100 dips 0.4% to 171,944 as tech sector drags, CLCPS leads gainers
The KSE-100 closed at 171,943.59, down 698.57 points (‑0.40%) amid a broad sell‑off, with the technology & communication sector bearing the brunt. Small‑cap CLCPS and CHBL posted the day’s biggest gains while WAVESAPPR plunged over 20%.
KSE-100
171,943.59
Session move
-0.40%
What matters
- KSE-100 fell 0.40% to 171,943.59, down 698.57 points from the prior close of 171,806.
- Technology & Communication was the weakest sector, with 19 of 21 stocks down versus 2 up.
- CLCPS surged 19% to 3.82, the top gainer, followed by CHBL up 11.21% to 9.92.
- WAVESAPPR dropped 20.51% to 0.31, the biggest loser, and several sharia‑compliant stocks fell 10%.
- Most active shares were CNERGY (65.8 m shares) and ASL (28.6 m shares), both sharia‑compliant.
The KSE-100 index ended the session at 171,943.59, slipping 698.57 points or 0.40% after a modest rally in the previous session.
Sector breadth was decidedly negative. The Technology & Communication segment recorded 19 decliners against just 2 gainers, while other sectors such as Cement and Commercial Banks also posted more downs than ups.
Among individual stocks, CLCPS led the gainers with a 19.00% rise to 3.82, followed by CHBL up 11.21% to 9.92. On the downside, WAVESAPPR plunged 20.51% to 0.31, and sharia‑compliant names FTSM, BUXL, LEUL and TOWL each fell 10%.
Trading activity was dominated by sharia‑compliant shares. CNERGY changed hands 65,824,954 shares, down 1.95%, while ASL rose 2.89% on 28,558,495 shares traded.
Investors should note several corporate actions slated this week, including dividend payouts for AICL, DLL and BOP, and upcoming EOGMs for KOSM, PIOC and PPL.
Read the morning brief for the same day: KSE-100 edges up 0.02% to 172,681 as small‑caps surge and WAVESAPPR tumbles
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SmartSarmaya is an educational research tool, not a licensed financial adviser and not a source of religious rulings. Shariah status reflects membership of the KMI All Shares Islamic Index published by the Pakistan Stock Exchange. Always do your own research.