KSE-100 slides 0.8% to 168,022 as tech and banks weigh, few stocks surge 10%
The benchmark KSE-100 index fell 1,371 points, or 0.81%, to 168,021.80, extending a recent downtrend. Gains were confined to a handful of Shariah‑compliant stocks that jumped around 10%, while technology, communication and commercial banks led the declines. Trading was dominated by WTLNC and NBP among the most active shares.
KSE-100
168,021.80
Session move
-0.81%
What matters
- KSE-100 closed at 168,021.80, down 0.81% from 169,392 the prior session.
- Shariah‑compliant stocks FPRM, PASMNC, OML, ELCM and PIM each rose roughly 10% on modest volumes.
- Technology & Communication and Commercial Banks posted the weakest breadth, with 6 up vs 14 down and 5 up vs 14 down respectively.
- Most active shares were WTLNC (40.0 m shares), CNERGY (21.6 m), MDTL (19.6 m), NBP (19.3 m) and PRL (14.6 m).
- Upcoming corporate actions include large bonus issues such as INDU 470% and ARPL 450% with book closures later this month.
The KSE-100 index ended the session at 168,021.80, a decline of 1,370.52 points or 0.81% from the previous close of 169,392, signaling continued pressure after recent peaks.
Among the biggest gainers were Shariah‑compliant stocks FPRM (up 10.14% on 314,892 volume), PASMNC (up 10.10% on 107,899), OML (up 10.01% on 21,020), ELCM (up 10.00% on 8,116) and PIM (up 10.00% on 41,467). The top losers included SLYTWU (-10.01% on 155,481 volume) and AATM (-9.99% on 85,730).
Sector breadth was broadly negative. Technology & Communication recorded 6 advances versus 14 declines, while Commercial Banks saw 5 advances against 14 declines, indicating sector‑wide weakness.
Trading volume was led by WTLNC (40,029,812 shares, down 3.77%), followed by CNERGY (21,570,320 shares), MDTL (19,618,833 shares), NBP (19,320,925 shares, down 5.24%) and PRL (14,601,266 shares). Investors should note several upcoming corporate actions, notably INDU’s 470% bonus and ARPL’s 450% bonus, with book closures slated for late September.
Market sentiment is also shaped by recent headlines, including a regulatory failure reported by Dawn and broader macro concerns such as a stronger dollar and Fed rate hikes affecting global markets.
Read the closing brief for the same day: KSE-100 climbs 0.6% as tech and oil‑gas 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.