KSE-100 dips 0.27% to 166,994 as energy stocks rally, refinery sector leads gains
The KSE-100 closed at 166,994.15, down 447.75 points or 0.27% on Friday. Energy‑related stocks such as UCAPM and CNERGY posted strong gains, while the refinery sector recorded the broadest advance‑decline balance. Corporate book closures and several AGMs are slated for the coming week.
KSE-100
166,994.15
Session move
-0.27%
What matters
- The index fell to 166,994.15, a 0.27% decline from the previous close of 167,442.
- UCAPM surged 6.98 points (+16.72%) on heavy volume of 1.72 million shares, leading the top gainers list.
- Energy‑related stocks dominated trading, with CNERGY up 0.65% on a record 22.49 million shares exchanged.
- The refinery sector was the only one with all advances (4 up, 0 down) and the highest turnover of 44.30 million PKR.
- Upcoming corporate actions include book closures for CLOV, NCPL and several others through 16 Oct, and AGMs for SPEL, PRET and others on 9‑14 Oct.
The KSE-100 index closed at 166,994.15, slipping 447.75 points or 0.27% from Friday's previous close of 167,442. This follows a brief rally earlier in the week that saw the index peak above 168,000.
Energy‑linked equities led the market. UCAPM jumped 6.98 points (+16.72%) on a volume of 1,718,945 shares, while BFMOD, SPL, ARMG and FIL each rose around 10% on modest volumes. On the downside, ASTM fell 66.20 points (-9.99%) with 1,379,966 shares traded, and PGLC dropped 14.45 points (-9.97%).
Trading activity was anchored by CNERGY, which edged up 0.65% on a massive 22,490,230 share turnover, followed by TREET (+6.29%) and PRL (+1.79%). The refinery sector showed the strongest breadth, posting 4 advances and no declines with a turnover of 44,300,592 PKR, while technology & communication lagged with 9 up versus 10 down.
Investors should note a slate of corporate actions: book closures are scheduled for CLOV (15% bonus) on 9 Oct, NCPL (10% bonus) on 9 Oct, and several others through 16 Oct. AGMs are set for SPEL, PRET and ITANZ on 9 Oct, among others.
Policy headlines this week emphasized export‑driven growth, with Prime Minister Shehbaz urging the private sector to lead. Meanwhile, global oil price pressures from refinery outages are feeding higher fuel costs, a backdrop that supports the recent energy‑stock rally.
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