KSE-100 slides 1.8% to 168,865 as tech stocks tumble, few shariah names surge
The KSE-100 opened lower, down 3,078 points (‑1.79%) at 168,865.04, pressured by broad weakness in technology, commercial banks and investment firms. Shariah‑compliant stocks such as CHBL, PIM and SHCM led the gains with roughly 10% jumps, while WAVESAPPR plunged nearly 30%.
KSE-100
168,865.04
Session move
-1.79%
What matters
- The index fell 1.79% to 168,865.04, its biggest drop since early September.
- CHBL, PIM, SHCM, ELCM and SLYTWU each rose about 10% on modest volumes.
- WAVESAPPR slid 29% and OBOY fell 10%, topping the loss list.
- Technology & Communication saw 0 up vs 20 down, the weakest sector breadth today.
- Corporate actions across several firms, including dividend payouts and upcoming AGMs, could add volatility.
KSE-100 outlook: The benchmark slipped 3,078.55 points to 168,865.04, a 1.79% decline, as investors reacted to a broad sell‑off across most sectors.
Top movers: Shariah‑compliant names led the rally – CHBL rose 10.92% (700,476 shares), PIM up 10.01% (17,686 shares), SHCM up 10.01% (28,047 shares), ELCM and SLYTWU each added 10% on lighter volumes. On the downside, WAVESAPPR plunged 29.03% (21.5 m shares) and OBOY fell 10.02% (2.3 m shares).
Sector breadth and activity: Technology & Communication posted the steepest weakness with 0 advances and 20 declines (turnover 78.1 m). Other laggards included Investment Banks (7 up/25 down) and Commercial Banks (0 up/19 down). Most active stocks were CNERGY (‑5.28%, 99.4 m shares) and TISL (+6.80%, 40.9 m shares).
Corporate actions: Several firms are slated for dividend payouts and rights issues this week, notably BOP (16% interim), INDU (470% final) and PSX (10% final). Multiple AGMs are scheduled between Sep 15‑30, which may influence trading volumes.
Contextual headlines: Pakistan’s capital market fund launch and recent IPO activity aim to broaden the investor base, while global oil price spikes and geopolitical tension add external pressure on market sentiment.
Read the closing brief for the same day: KSE-100 climbs 0.98% to 170,512 as Shariah stocks lead gains
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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.