KSE-100 climbs 0.85% to 169,392 as Shariah stocks lead gains
The KSE-100 index opened 0.85% higher at 169,392 points, buoyed by a wave of 10% gains in several Shariah‑compliant stocks. Momentum was mixed across sectors, with technology and power generation showing the strongest breadth.
KSE-100
169,392.32
Session move
+0.85%
What matters
- KSE-100 rose 1,421.67 points to 169,392, its first rise since September 11.
- Shariah‑compliant names FPJM, PIM, ADMM and ZUMA each jumped about 10%, driving the rally.
- Defensive losers included PKGI and BUXL, both down roughly 10% on modest volumes.
- Technology & Communication led sector breadth with 13 up versus 6 down, while Refinery lagged with three declines.
- Corporate actions this week feature large bonus issues from INDU (470%) and ARPL (450%) and several AGM dates.
The KSE-100 index opened at 169,392.32, up 1,421.67 points or 0.85% from the previous close, marking a reversal from the recent dip on September 11.
Top gainers were dominated by Shariah‑compliant stocks: FPJM surged 22.72 points (+10.02%) on 1.36 million shares, PIM rose 61.12 points (+10.01%) on 46,393 shares, ADMM added 56.51 points (+10.01%) on 122,087 shares, and ZUMA climbed 24.41 points (+10.01%) on 6.31 million shares. Among losers, PKGI fell 44.16 points (-10.01%) and BUXL dropped 676.02 points (-10.00%), both reflecting broader profit‑taking.
Sector breadth showed technology & communication leading with 13 stocks up versus six down, and power generation & distribution posting 13 up and two down. In contrast, the refinery sector saw three declines and no advances. The most active shares were CNERGY (56.2 million shares, flat), MDTL (39.9 million shares, +0.78%) and PRL (22.5 million shares, -2.69%).
Investors should note a slate of corporate actions this week, including a 470% bonus issue from INDU (book closure Sep 22) and a 450% bonus from ARPL (book closure Sep 24), as well as several AGM dates. Recent headlines highlight regulatory concerns, a record 600,000 investors on the exchange, and global oil price movements that could influence energy‑related stocks.
Read the closing brief for the same day: KSE-100 falls 0.8% to 168,022; shariah stocks rally, tech sector drags
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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.