KSE-100 climbs 0.98% to 170,512 as Shariah stocks lead gains
The KSE-100 index closed at 170,511.85, up 1,646.81 points (0.98%). Shariah‑compliant stocks dominated the rally, with FPJM, BPL and SASML each posting roughly 10% gains, while WAVESAPPR led the decline with a 22.73% drop.
KSE-100
170,511.85
Session move
+0.98%
What matters
- The index rose to 170,511.85, its first gain since September 5 when it closed at 175,329.
- Shariah‑compliant stocks FPJM (+10.02%), BPL (+10.01%) and SASML (+10.00%) were the top gainers, each backed by strong volumes.
- WAVESAPPR fell 22.73% to 0.17, accounting for the highest trading volume of the day (27.3 m shares).
- Most active shares were CNERGY (+4.53%) and PRL (+5.81%) with 104.3 m and 66.0 m shares traded respectively.
- Refinery and Technology sectors posted net advances, while Investment Banks showed mixed breadth with 14 up versus 16 down.
The KSE-100 closed at 170,511.85, up 1,646.81 points (0.98%) after a modest rebound from the previous close of 168,865.
Shariah‑compliant stocks spearheaded the rally: FPJM rose 10.02% to 18.77, BPL gained 10.01% to 57.28, and SASML added 10.00% to 341.36, each supported by solid trading volumes.
Conversely, WAVESAPPR slumped 22.73% to 0.17, driving the market's biggest loss and accounting for the highest volume of the session (27.3 million shares). Other notable losers included HUSI (-10.00%) and PIM (-10.00%).
Among the most active stocks, CNERGY climbed 4.53% to 12.93 on 104.3 million shares, while PRL rose 5.81% to 85.63 on 66.0 million shares. MDTL, WTL and WAVESAPPR also featured heavy trading.
Sector breadth was mixed: Refinery led with 4‑up/0‑down, Technology & Communication posted 13‑up/7‑down, while Investment Banks showed a near‑even split (14‑up/16‑down). Upcoming corporate actions include dividend and rights issues across several firms, notably a 16% interim dividend for BOP and a 470% rights issue for INDU.
Read the morning brief for the same day: KSE-100 slides 1.8% to 168,865 as tech stocks tumble, few shariah names surge
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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.