KSE-100 nudges up 0.2% as sharia‑compliant stocks lead gains
The KSE‑100 index closed at 171,153.16, gaining 268.58 points (0.16%). Gains were driven by large moves in sharia‑compliant stocks such as TISL and FNEL, while a handful of heavy‑weight losers pulled the market lower.
KSE-100
171,153.16
Session move
+0.16%
What matters
- KSE‑100 edged higher to 171,153.16, up 0.16% on the day.
- Sharia‑compliant leaders TISL (+22.85%) and FNEL (+14.55%) posted the biggest percentage gains and volumes.
- FECM fell 8.41% and OML dropped 7.68%, anchoring the market’s downside.
- Investment banks/investment companies posted the broadest net advance (18 up vs 12 down).
- Book closures for INDU, BPL and ARPL are slated for later this week, adding corporate‑action focus.
The KSE‑100 index finished at 171,153.16, up 268.58 points or 0.16% from the previous close. The level follows a short‑term uptrend from 169,043 on Sep 17 to 170,866 on Sep 18.
Sharia‑compliant stocks led the rally. TISL surged 22.85% to 5.00 with a volume of 119,630,638, while FNEL jumped 14.55% to 1.26 on 73,708,727 shares traded. MDTL added 11.63% to 9.60 on 70,047,743 volume, and DWSMNC and PASMNC also posted double‑digit gains.
On the downside, FECM slid 8.41% to 19.60 (46,035 volume) and OML fell 7.68% to 78.94 (23,239 volume). ARMG, JKSM and PIM each lost more than 6%.
Sector breadth was mixed. Investment banks/investment companies led with 18 advances vs 12 declines (turnover 133.8 m). Technology & communication lagged (9 up/11 down). Refinery and transport sectors were fully in the green, with 4‑0 and 5‑0 splits respectively.
Corporate‑action focus sharpens as book closures approach: INDU (470% split), BPL (20% split) on Sep 22; ARPL (450% split) on Sep 24; and several 20‑60% splits later in the month. Upcoming AGMs/EOGMs include ACPL, FATIMA and LOTCHEM on Sep 22.
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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.