KSE-100 falls 0.8% to 168,637 as shariah stocks plunge 10%
The KSE-100 closed at 168,636.85, down 1,332.47 points (‑0.78%). Shariah‑compliant stocks led the decline, while a handful of high‑volume names provided modest support.
KSE-100
168,636.85
Session move
-0.78%
What matters
- The index slipped 0.78% to 168,636.85, marking the biggest drop since September 24.
- Shariah‑compliant stocks dominated the losers, with ASHT, FTSM, GEMPACRA, FPJM and EWIC each falling about 10%.
- Top gainers were also shariah‑compliant, with MWMP, FIMM, FZCM, DFML and ELSM all up 10%.
- High‑volume trading was led by KOSM (+1.92%) and FNEL (+8.04%), while FPJM’s 9.99% fall was the most active loss.
- Investment banks, technology & communication and oil‑&‑gas marketing sectors showed broad weakness, recording more decliners than advancers.
The KSE-100 ended the session at 168,636.85, down 1,332.47 points or 0.78%, extending the recent downtrend that began on September 24.
Shariah‑compliant stocks were the primary drivers of the sell‑off. ASHT fell 10.01% to 45.51, FTSM dropped 10.00% to 44.03, GEMPACRA slipped 10.00% to 43.67, FPJM plunged 9.99% to 26.14 and EWIC declined 9.71% to 59.25.
Conversely, the day’s biggest gainers were also shariah‑compliant, each rising 10%: MWMP to 84.78, FIMM to 286.94, FZCM to 280.46, DFML to 17.49 and ELSM to 196.28.
Trading volume was dominated by KOSM, which rose 1.92% to 5.84 on 93,751,754 shares, and FNEL, up 8.04% to 1.21 on 38,616,570 shares. FPJM, despite its steep decline, was the most active loss with 22,551,198 shares traded.
Sector breadth underscored the weakness: investment banks, technology & communication and oil‑&‑gas marketing recorded far more decliners than advancers, while the textile spinning and refinery segments were evenly split.
Read the morning brief for the same day: KSE-100 slips 0.03% as gains in WASL and DSIL offset sharp falls in ANLNV and FPJM
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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.