KSE-100 slides 0.8% as investors weigh export‑growth push and mixed sector breadth
The KSE-100 index opened down 1,332 points, or 0.78%, at 168,636.85. Sharia‑compliant stocks led the gains with several hitting the 10% ceiling, while a broad sell‑off hit investment banks and technology shares. Market participants will watch upcoming rights issues and a string of AGMs for further direction.
KSE-100
168,636.85
Session move
-0.78%
What matters
- The index fell to 168,636.85, down 0.78% from the previous close.
- Top gainers MWMP, FIMM, FZCM, DFML and ELSM each rose 10%, all trading Sharia‑compliant.
- Top losers ASHT, FTSM, GEMPACRA, FPJM and EWIC fell about 10% each.
- Investment banks, technology and oil‑&‑gas marketing sectors showed the most weakness in breadth.
- Rights issues for GHNI, GAL, GOC and others close in the coming week, while several companies hold AGMs.
The KSE-100 opened at 168,636.85, slipping 1,332.47 points (‑0.78%) after a week of gains that saw the index peak above 170,000.
Biggest movers: Sharia‑compliant stocks dominated the upside, with MWMP, FIMM, FZCM, DFML and ELSM all up 10% on strong volumes. On the downside, ASHT, FTSM, GEMPACRA, FPJM and EWIC each dropped roughly 10%.
Most active shares were KOSM (+1.92% on 93.8 m shares) and FNEL (+8.04% on 38.6 m shares), while FPJM remained heavily traded despite its 9.99% decline.
Sector breadth was weak: investment banks, technology & communication and oil‑&‑gas marketing posted more decliners than advancers, suggesting broader pressure beyond the headline movers.
Corporate actions to watch include rights issues for GHNI, GAL, GOC and others closing between Oct 6‑16, plus a series of AGMs for PRL, ISL, PSX and others later this week. Meanwhile, the Prime Minister’s call for export‑led growth and global oil‑price volatility add macro context to today’s trading.
Read the closing brief for the same day: KSE-100 slips 0.3% as tech and textile stocks drag, Shariah names surge
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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.