KSE-100 slides 1.5% to 167,970 as tech and cement stocks weigh
The KSE-100 opened lower, down 2,541 points (‑1.49%) to 167,970.65, extending a three‑day slide. Gains were confined to a few Shariah‑compliant stocks, while losses were broad across technology, banks and cement sectors.
KSE-100
167,970.65
Session move
-1.49%
What matters
- KSE-100 fell 1.49% to 167,970.65, marking a third consecutive decline.
- MDTL led gainers with +10.41% on 52.8 m shares, followed by FPJM, CENI, BPL and PSEL each up about 10%.
- WAVESAPPR plunged 64.71% on 72.9 m volume; BUXL, CLVL, LEUL and CFL each dropped around 10%.
- Sector breadth was negative: technology & communication 3 up/18 down, cement 0 up/18 down, commercial banks 1 up/18 down.
- Upcoming corporate actions include dividends and bonuses for IREIT, BWHL, AHL, BPL, INDU and several AGMs through late September.
The KSE-100 opened lower, down 2,541 points (‑1.49%) to 167,970.65, extending a three‑day decline after closing at 170,512 on Sep 11.
Gains were limited to a handful of stocks. MDTL surged 10.41% on 52.8 m shares, followed by FPJM (+10.02%), CENI (+10.00%), BPL (+10.00%) and PSEL (+10.00%); all are Shariah‑compliant.
Losses were broader. WAVESAPPR plunged 64.71% on 72.9 m volume, while BUXL, CLVL, LEUL and CFL each fell about 10%. The most active ticker was CNERGY at 12.81, down 0.93% on 97.2 m shares.
Sector breadth was negative across the board: Technology & Communication 3 up/18 down, Cement 0 up/18 down, Commercial Banks 1 up/18 down, while Refinery posted a modest 1 up/3 down.
Upcoming corporate actions feature dividend and bonus issues for IREIT, BWHL, AHL, BPL, INDU and others, with several AGMs scheduled through late September. Investors are also noting a regulatory‑failure report and the milestone of 600,000 market participants.
Read the closing brief for the same day: KSE-100 climbs 0.85% to 169,392 as tech and cement lead gains
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