KSE-100 slips 0.3% as tech stocks tumble, a few shariah names surge
The KSE‑100 opened lower, down 481 points (‑0.29%) at 168,155.49, extending a modest decline. Technology & communication led the weakness while shariah‑compliant stocks DWSM and DNCC posted double‑digit gains.
KSE-100
168,155.49
Session move
-0.29%
What matters
- KSE‑100 opened lower, down 481 points (‑0.29%) at 168,155.49.
- Technology & Communication was the weakest sector with 19 of 20 stocks down.
- Shariah‑compliant stocks DWSM (+16.1%) and DNCC (+10.0%) were the top gainers, while FCIBL and ASTM each fell about 10%.
- Heavy trading in FNEL and DSIL highlighted continued liquidity in energy and fertilizer sectors.
- Upcoming corporate actions include 120% bonus issues for GHNI and GAL and several AGMs this week.
The KSE‑100 opened lower, slipping 481 points (‑0.29%) to 168,155.49, extending a modest decline after four consecutive sessions of weakness.
Technology & Communication was the weakest sector, with 19 of 20 stocks down and a turnover of 74.6 million, while Power Generation & Distribution showed a balanced 7‑up/7‑down split.
Shariah‑compliant names led the gains: DWSM jumped 16.1% on strong volume, DNCC rose 10.0%, and MWMP added 10.0%. In contrast, FCIBL and ASTM each dropped about 10%.
Liquidity remained high with FNEL trading over 42 million shares and DSIL posting a 10% gain on 29.5 million shares. Several companies announced corporate actions, notably 120% bonus issues for GHNI and GAL later this week.
Domestic headlines feature the prime minister urging private‑sector‑led export growth, while regional tensions continue to pressure investor sentiment.
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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.