KSE-100 slides 1.1% as oil rally and broad sector weakness outweigh reform optimism
The KSE-100 index closed at 164,178.38, down 1,752.60 points (‑1.06%). Gains in a handful of sharia‑compliant stocks could not offset heavy selling across technology, refinery and chemical sectors, while global oil price spikes pressured sentiment. Domestic reform headlines from the World Bank and the prime minister were not enough to lift the market.
KSE-100
164,178.38
Session move
-1.06%
What matters
- KSE-100 fell 1.06% to 164,178.38, marking a three‑day decline.
- Sharia‑compliant gainers UCAPM, NCL, STML, KOHE and DNCC each rose about 10%, but volume was modest.
- Heavy losers included TPLL, CFL, FIL and MACFL, each dropping around 10% on significant sell‑offs.
- Sector breadth was weak, with technology & communication posting 1 up vs 20 down and refinery 0 up vs 4 down.
- Most active shares were PRL (19.1 m shares) and MACFL (15.9 m shares), both trading lower.
The KSE‑100 index closed at 164,178.38, down 1,752.60 points or ‑1.06%, extending a slide that began on Monday.
Sharia‑compliant stocks led the gains, with UCAPM (+10.03%), NCL (+10.01%), STML (+10.01%), KOHE (+10.01%) and DNCC (+10.01%) each rising roughly ten percent, though trading volumes were modest.
Conversely, heavy losers such as TPLL (‑10.00%), CFL (‑10.00%), FIL (‑10.00%) and MACFL (‑9.99%) each fell around ten percent, with MACFL seeing a massive 15,999,810 shares change hands.
Sector breadth underscored the weakness: technology & communication recorded 1 up versus 20 down, refinery 0 up versus 4 down, and chemical 6 up versus 17 down. The most actively traded shares were PRL (19.1 m shares) and MACFL (15.9 m shares), both closing lower.
Despite upbeat World Bank commentary on long‑term income growth and the prime minister’s call for export‑led expansion, the market remained pressured by rising oil prices and broad sector sell‑offs, suggesting short‑term caution ahead of upcoming corporate actions and AGMs.
Read the morning brief for the same day: KSE-100 slips 0.9% as broad sector sell‑off outweighs shariah‑compliant rallies
New to the brief? How to read it in three minutes.
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.