KSE-100 down 0.95% on global risk‑off; small‑cap LSEFSLR jumps 34%
The KSE‑100 closed at 162,374.87, slipping 1,549.44 points (‑0.95%). Small‑cap LSEFSLR led gains with a 33.90% rise, while a broad sell‑off hit most sectors and several large‑cap stocks fell double‑digits.
KSE-100
162,374.87
Session move
-0.95%
What matters
- KSE‑100 fell 0.95% to 162,374.87, extending a five‑day downtrend.
- LSEFSLR surged 33.90% to 0.79 on 12.7 million shares, the day’s top gainer.
- PASL added 10.27% to 3.33, trading 32.7 million shares, making it the most active security.
- Fourteen of the fifteen commercial‑bank stocks were down, contributing to sector weakness.
- Book closures for UBL (160% entitlement) and IMAGE (10% entitlement) occur today, with further rights issues and AGMs scheduled through early November.
The KSE‑100 index closed at 162,374.87, down 1,549.44 points or ‑0.95%, marking a continuation of the recent decline from 166,420 on Oct 16.
Sector breadth was broadly negative. Investment banks, investment companies and securities firms posted 11 up versus 21 down, while commercial banks saw 4 up against 15 down, cement 4 up versus 14 down, and power generation 3 up versus 12 down.
Among the biggest movers, LSEFSLR jumped 33.90% to 0.79 on a volume of 12,697,316 shares. PASL rose 10.27% to 3.33, trading 32,671,423 shares and becoming the most active stock. Other gainers included DSIL, DNCC and UCAPM, each up about 10%. Losses were led by BAPLR1 down 10.01% to 9.62 (5,529 shares) and CFL down 10.00% to 60.83 (39,105 shares). MACFL was the second most active, falling 9.99% on 26,687,420 shares.
Corporate actions loom: UBL and IMAGE have book closures today for 160% and 10% entitlements respectively; PINL’s 40% rights issue closes on Oct 27; BAHL, NESTLE and EFERT have dividend book closures on Nov 2; several companies, including PPVC, ASL and UBDL, hold AGMs on Oct 23.
Global risk‑off sentiment, driven by sharp AI‑stock sell‑offs and rising oil prices, appears to have weighed on the market, even as domestic small‑cap stocks rallied on company‑specific news. Policy headlines note the World Bank’s call for faster structural reforms to triple Pakistan’s incomes by 2050, but short‑term market tone remains cautious.
Read the morning brief for the same day: KSE-100 slides 1% as tech lags, Shariah stocks surge 10%
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