KSE-100 slides 1.36% to 165,867 as broad sell‑off hits banks and tech
The KSE‑100 opened lower, down 2,288 points (‑1.36%) at 165,867. A steep decline across investment banks, technology and communications drove the market, while a handful of small‑cap shariah‑compliant stocks posted double‑digit gains.
KSE-100
165,867.31
Session move
-1.36%
What matters
- KSE‑100 fell 2,288 points to 165,867, marking a 1.36% decline from the previous close.
- Investment banks, investment companies and securities firms led the down‑trend with 1 up versus 29 down.
- Technology & communication stocks also weakened, with only 1 of 22 stocks advancing.
- Small‑cap shariah‑compliant stocks FPRM, DSIL, SHCM, DADX and GEMPACRA each rose about 10% on modest volumes.
- Heavy trading was seen in FNEL and PIBTL, which fell 4.1% and 7.1% respectively on volumes exceeding 50 million and 30 million shares.
KSE‑100 opened at 165,867.31, down 2,288.18 points (‑1.36%), extending the slide seen over the past week.
The market breadth was sharply negative. Investment banks, investment companies and securities firms recorded 1 advance against 29 declines, while technology & communication saw 1 up versus 21 down. Other sectors such as refinery, power generation and transport were entirely in the red.
Among the biggest gainers, shariah‑compliant small‑caps led the rally: FPRM (+10.03%, 1.26 m shares), DSIL (+10.03%, 9.06 m), SHCM (+10.01%, 24.2 k), DADX (+10.00%, 13.6 k) and GEMPACRA (+9.92%, 1 k). The top losers each slipped 10%: MWMP, BUXL, ASTM, OML and TICL.
Trading activity was dominated by FNEL (down 4.10% on 50,252,398 shares) and PIBTL (down 7.11% on 30,666,758 shares), followed by CNERGY, KEL and WTL.
Investors should note upcoming corporate actions, including book closures for CLOV, NCPL and several others later this week, and multiple AGMs scheduled between October 6‑9.
Read the closing brief for the same day: KSE-100 climbs 1.6% to 168,460 as energy and tech 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.