KSE-100 slides 0.5% as energy stocks tumble, few gainers lead modest rally
The KSE-100 index opened lower at 165,151.64, down 814.44 points or 0.49%. Gains were limited to a handful of sharia‑compliant stocks such as PASL and PASM, while energy and power generators led the declines.
KSE-100
165,151.64
Session move
-0.49%
What matters
- KSE-100 fell 0.49% to 165,151.64, extending a three‑day downtrend.
- Top gainers were PASL (+19.85%), PASM (+11.15%) and UCAPM (+10.02%).
- Losers included LSEFSL (-15.33%) and JATM (-10.00%).
- Energy‑related sectors were broadly weak, with power generation showing 1 up versus 13 down.
- Rights issues and AGMs dominate corporate calendars, with eight companies announcing rights issues on 21 Oct and several AGMs through 22 Oct.
The KSE-100 opened at 165,151.64, down 814.44 points (0.49%) from the previous close, marking a continuation of the recent pull‑back after hitting 166,420 on 16 Oct.
Shariah‑compliant stocks led the limited upside. PASL surged 19.85% to 3.14 on volume of 20,076,699, PASM rose 11.15% to 9.97, and UCAPM gained 10.02% to 14.60. POWERPS and FTMM also posted double‑digit gains.
Conversely, the biggest drags came from LSEFSL, down 15.33% to 2.21 on 3,333,592 shares, and JATM, down 10.00% to 44.89. Other single‑digit losers included FIL, MACFL and GEMPACRA, each shedding roughly 10%.
Sector breadth was negative across the board. The power generation & distribution segment recorded 1 advance versus 13 declines, while technology & communication saw 8 up against 13 down. The refinery sector was entirely down (0 up/4 down).
Corporate actions are front‑and‑center, with rights issues ranging from 7.5% (AHTM) to 135% (SHEZ) slated for book closure on 21 Oct, and a series of AGMs scheduled through 22 Oct.
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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.