KSE-100 slips 0.9% as broad sector sell‑off outweighs shariah‑compliant rallies
The KSE‑100 opened lower at 164,477 points, down 0.88% from yesterday. Most sectors posted more declines than advances, yet a handful of shariah‑compliant stocks surged around 10% on strong buying volume. The breadth and a packed agenda of dividend book closures and AGMs suggest a cautious tone ahead.
KSE-100
164,477.01
Session move
-0.88%
What matters
- KSE‑100 fell 1,453.97 points to 164,477.01, a 0.88% decline.
- Shariah‑compliant stocks UCAPM, NCL, KOHE, DNCC and CRTM each rose about 10% on high volumes.
- Market breadth was negative, with only 2 of 8 sectors showing net advances; technology & communication posted 1 up versus 20 down.
- Most active shares were MACFL (down 9.99% on 15,974,787 shares) and PRL (down 5.14% on 13,842,692 shares).
- Today’s agenda includes book closures for multiple dividend actions and AGMs for several listed companies.
KSE‑100 opened at 164,477.01, down 1,453.97 points (0.88%) from the previous close of 165,931.
Shariah‑compliant stocks led the gains: UCAPM rose 10.03% on 1,423,737 shares, NCL up 10.01% on 1,720,146 shares, KOHE up 10.01% on 1,195,915 shares, DNCC up 10.01% on 4,156,998 shares and CRTM up 10.00% on 66,596 shares.
On the downside, the most active losers were MACFL (down 9.99% on 15,974,787 shares), TPLL (down 10.00% on 581,642 shares), CFL (down 10.00% on 62,207 shares) and FIL (down 10.00% on 7,456 shares). PRL also traded heavily, falling 5.14% on 13,842,692 shares.
Sector breadth was weak: only 2 of 8 sectors posted net advances. Technology & communication showed 1 up versus 20 down, while investment banks and securities had 12 up against 19 down.
Investors will watch today’s corporate calendar – dividend book closures for SSOM, BFMOD, FZCM and others, plus AGMs for AGIL, THALL, DYNO and several more – as they could add further volatility.
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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.