The band breaks upward: KSE-100 rises 0.21% to 177,696.50, sealing a 0.30% weekly gain - the first in three weeks - as BOP jumps 7.4% and the refineries sweep green
KSE-100
177,696.50
+0.21%
KSE-30
52,933.02
+0.35%
KMI-30 (Shariah)
251,798.59
+0.35%
All-Share
107,705.17
+0.15%
Market Pulse
Friday's 658m tape ran a little heavier than Thursday's 614m and its top was two prints: BOP at 92m rising 7.4% and CNERGY at 91m rising 2.64%, together more than a quarter of everything traded. The refinery bid returned in size - PRL added 5.00% on 29m and NRL 5.41% on 4m, completing the sector's first clean sweep higher since 21 August - while CNERGY's volume rebuilt from Thursday's 49m. WTL turned 46m unchanged, KEL 14m flat, and THCCL rose 2.08% on 13m. The red side was thin: TPLP fell 4.22% on 12m, FNEL faded a further 3.23% on 24m as the fringe unwind continued, SSGC lost 1.96% on 8m and PACE 1.06% on 10m. SYS rose 6.29% on 4m, HBL 1.45% and AKBL 1.40% behind BOP in the banks, and NBP closed 0.08% higher on 4m after Thursday's 6.6% drop. SGPLR fell the full 10.00% for a third straight session.
Sector micro-analysis
Fourteen of 34 sectors closed higher and the leadership was exactly where Thursday's weakness had been. The Refinery sector led at 3.57% with all four names up - NRL 5.41%, PRL 5.00%, CNERGY 2.64% and ATRL 1.23% - its first clean sweep higher since 21 August, followed by Modarabas at 2.98% with 14 of 19 up and Insurance at 1.23%. Commercial Banks rose 0.85% with 14 advancers to five, BOP's 7.4% the sector's engine while HBL added 1.45%, AKBL 1.40% and NBP steadied at 0.08%. Apparel swept its four names higher for 0.96%. The declines sat in the industrial corners: Engineering fell 2.07% with one advancer in 16, Power Generation and Distribution 1.61% with 11 of 17 lower, Oil and Gas Marketing 1.17% with SSGC down 1.96%, Paper, Board and Packaging 1.17% and Miscellaneous 1.13%. Cement eased 0.56% with 12 of 18 lower despite THCCL's 2.08% rise, and the E&Ps closed near flat at -0.21%.
| Sector | Avg change | Breadth (A / D) |
|---|---|---|
| Refinery | +3.57% | 4 / 0 |
| Modarabas | +2.98% | 14 / 5 |
| Insurance | +1.23% | 14 / 10 |
| Textile Weaving | +1.11% | 2 / 4 |
| Power Generation & Distribution | -1.61% | 3 / 11 |
| Synthetic & Rayon | -1.80% | 1 / 3 |
| Engineering | -2.07% | 1 / 14 |
Most active
- BOP 92m Rs 34.97 +7.47%
- CNERGY 91m Rs 14.41 +2.64%
- WTL 46m Rs 1.17 0.00%
- PRL 29m Rs 94.93 +5.00%
- FNEL 24m Rs 1.20 -3.23%
Gainers
- FPJM Rs 23.61 +10.02%
- FFLM Rs 15.16 +10.01%
- LEUL Rs 54.11 +10.00%
- BUXL Rs 765.93 +10.00%
- STJT Rs 169.68 +10.00%
Losers
- ASLCPS Rs 128.08 -10.00%
- ARPAK Rs 186.67 -10.00%
- SGPLR Rs 13.86 -10.00%
- FIBLM Rs 18.86 -9.98%
- MACFL Rs 56.54 -9.32%
Market Action
Foreign (FIPI) net
−PKR 818.19m (−$2.95M)
Local (LIPI) net
+PKR 818.19m
Source: NCCPL FIPI/LIPI · settled 28 Aug 2026
Foreign investors were net sellers of PKR 818.19m (USD 3m); local investors were net buyers of PKR 818.19m. the internals read as a heavyweight bid concentrated in two names while the broad board drifted. Up-volume of 350m ran well ahead of the 237m in declining names, yet 257 of 494 names fell - because the buying weight sat in BOP's 92m and CNERGY's 91m, together more than a quarter of the session, with the banks' 14-of-19 advance and the refinery sweep supplying the index's whole gain. The gauges rank accordingly, the KSE-30 and KMI-30 at 0.35% apiece ahead of the All-Share's 0.15%. What sold was industrial and scattered - Engineering's 14 decliners, the power complex, the marketing companies - and the fringe kept unwinding, FNEL fading 3.23% on 24m a day after leading the tape.
Outlook
- •The four-session band broke upward: Friday's 177,696.50 cleared the 177,370.70 ceiling and sealed a 0.30% weekly gain, the first in three weeks, leaving the index about 2.41% above the reclaimed 173,518.81 floor and roughly 5.21% below the 6 July record.
- •Thursday's soft spot did not spread - the banks answered with a 0.85% rise on 14 of 19 names, BOP's 7.4% on the session's heaviest print, and NBP itself steadied at 0.08% - restoring the sector that led the index's early-August advance.
- •The refinery cycle turned again rather than dying: the sector's first clean sweep higher since 21 August came with CNERGY's volume rebuilding to 91m from Thursday's 49m, the oscillation that has defined August still running beneath a quieter surface.
What to watch
- •Whether the breakout holds - Friday's 177,696.50 was the first close above the band's 177,370.70 ceiling after four sessions inside it
- •Whether BOP follows through - 7.4% higher on 92m, the session's heaviest print, with the sector putting 14 of 19 names up behind it
- •Whether local buying keeps absorbing the foreign selling - NCCPL showed net sells of PKR 327.79m, PKR 1,001m and PKR 805.47m across Monday, Tuesday and Thursday
- •USD/PKR, SBP rate signals and the global crude tape
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Produced by Wealth Street - a SECP-regulated PSX & PMEX broker - for information and education only. Not investment advice or a solicitation. Figures are derived from the PSX data portal and presented as Wealth Street commentary, not a redistributed data feed; breadth and sector stats cover the tracked large-cap universe. Flows are directional estimates unless attributed to NCCPL FIPI/LIPI data. Please read our Risk Disclosure.