KSE-100 slides 0.7% as tech and banks lag, sharia‑compliant gainers lead
The KSE‑100 index opened lower at 167,441.90, down 1,138.5 points (‑0.68%). Sharia‑compliant stocks such as UCAPM and DWSM posted double‑digit gains, while technology and investment‑bank stocks led the declines.
KSE-100
167,441.90
Session move
-0.68%
What matters
- KSE‑100 fell 0.68% to 167,441.90, reversing recent gains.
- Sharia‑compliant UCAPM (+16.6%) and DWSM (+15.6%) were the top gainers with strong volumes.
- Heavyweights DSIL and FPRM each dropped about 10%, dragging the market lower.
- Technology & communication showed the weakest breadth with 4 up versus 16 down.
- Most active shares were KEL, CNERGY and WAVESAPP, all trading lower.
The KSE‑100 opened at 167,441.90, down 1,138.5 points or 0.68%, after a brief rally earlier in the week.
Sharia‑compliant stocks led the upside. UCAPM surged 16.57% on volume of 1.51 million, while DWSM rose 15.60% with 3.23 million shares traded. Other sharia gainers included SPL, DAAG and SINDM, each up around 10%.
On the downside, DSIL and FPRM each fell roughly 10%, the steepest declines of the session, contributing to the index’s slide.
Sector breadth was weak. Technology & Communication recorded 4 advances versus 16 declines, and Investment Banks/Investment Companies posted 9 up against 23 down. The most actively traded stocks – KEL, CNERGY and WAVESAPP – all traded lower, with KEL down 1.32% on 29.66 million shares.
Investors should note upcoming corporate actions, including dividend and bonus announcements for several sharia‑compliant names later this week.
Read the closing brief for the same day: KSE-100 dips 0.27% to 166,994 as energy stocks rally, refinery sector leads 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.