The floor comes into view: KSE-100 drops 0.96% to 174,776.59, a third straight decline, as 355 names fall and the cushion thins to under 1%
KSE-100
174,776.59
-0.96%
KSE-30
52,134.27
-0.95%
KMI-30 (Shariah)
249,368.78
-0.98%
All-Share
106,113.04
-0.99%
Market Pulse
Wednesday's 610m tape was the thinnest of the month so far and almost all of it leaned one way. CNERGY turned 125m falling 2.27%, WTL 39m down 2.61%, and BOP 25m 1.02% lower in its second straight decline, while PRL's 38m at +0.49% held its circuit-won level for a second session as the sector's only advancer - NRL dropped 6.44% on 7m, ATRL 1.93% and the sector 2.54%. The green prints were scarce and scattered: HASCOL rose 3.77% on 25m, TELE 2.07% on 8m, ASL 4.13% on 4m, EFERT 2.81% on 3m and AKBL 0.73% on 4m, the last the only advancing bank print of size. KEL fell 1.79% on 15m, MLCF 1.84% on 10m and SSGC 2.29% on 5m. At the fringe, WAVESAPPR fell 10.45% in a second straight decline off its listing-day peak and BERG dropped the full 10.00%.
Sector micro-analysis
Five of 34 sectors closed higher, none of consequence to the index: Chemical led at 1.18% with 11 of 24 names up, Paper, Board and Packaging added 1.02%, Property 0.57%, Synthetic and Rayon 0.5% and Textile Composite 0.13%. Everything else fell, and the engine sectors fell hard. Cement's 1.59% drop came with no advancers among its 17 traded names - DGKC down 2.56%, MLCF 1.84%, LUCK 1.23% - and the Oil and Gas Exploration companies lost 0.98% in a clean sweep, PPL down 2.27%. The Refinery sector fell 2.54% with NRL's 6.44% the deepest heavyweight decline of the session, Power Generation and Distribution lost 2.17% with 15 of 17 lower, Commercial Banks 0.67% with four up and 15 down, and Oil and Gas Marketing 0.98%. The periphery fared no better: Modarabas fell 2.87%, Textile Weaving 2.82%, Transport 2.45% and Cable and Electrical Goods 2.33%. Insurance lost 0.89% and the securities complex 1.48%.
| Sector | Avg change | Breadth (A / D) |
|---|---|---|
| Chemical | +1.18% | 11 / 13 |
| Paper, Board & Packaging | +1.02% | 3 / 7 |
| Property | +0.57% | 1 / 3 |
| Synthetic & Rayon | +0.50% | 2 / 2 |
| Refinery | -2.54% | 1 / 3 |
| Textile Weaving | -2.82% | 1 / 5 |
| Modarabas | -2.87% | 4 / 15 |
Most active
- CNERGY 125m Rs 14.66 -2.27%
- WTL 39m Rs 1.12 -2.61%
- PRL 38m Rs 105.39 +0.49%
- BOP 25m Rs 34.08 -1.02%
- HASCOL 25m Rs 21.21 +3.77%
Gainers
- GUSM Rs 9.77 +10.27%
- PGLC Rs 18.02 +10.01%
- BAPL Rs 37.47 +10.01%
- STML Rs 54.51 +10.01%
- FPJM Rs 25.72 +10.01%
Losers
- WAVESAPPR Rs 0.60 -10.45%
- ARPAK Rs 161.24 -10.00%
- BERG Rs 156.69 -10.00%
- JKSM Rs 313.06 -10.00%
- FTSM Rs 40.96 -10.00%
Market Action
Foreign (FIPI) net
−PKR 709.93m (−$2.56M)
Local (LIPI) net
+PKR 709.93m
Source: NCCPL FIPI/LIPI · settled 2 Sept 2026
Foreign investors were net sellers of PKR 709.93m (USD 2.6m); local investors were net buyers of PKR 709.93m. the internals read as supply finally spreading beyond one complex. Down-volume of 454m ran nearly three times the 155m in advancing names, 355 of 501 names fell, and the four gauges' near-identical declines - all within 0.04 percentage points - mark the first session of the slide without an energy cushion: the refineries joined the selling rather than absorbing it, CNERGY's 125m at -2.27% the heaviest print on a thinning tape. The buying that remained was scattered single prints - HASCOL's 25m the only advancing print above 10m outside PRL's 38m - and the banks logged a third straight soft session with BOP 1.02% lower. Foreign selling has now run seven consecutive sessions for roughly PKR 4.8bn, Wednesday's PKR 709.93m rebuilding after Tuesday's PKR 109.60m lull, with local investors absorbing every session so far.
Outlook
- •Three declines have brought the reclaimed 173,518.81 floor into view - about 0.72% below Wednesday's 174,776.59 close, with the three-session slide at roughly 1.64% from the 28 August breakout high and the record about 6.76% away.
- •The character of the selling changed: after two sessions of energy-cushioned drift, all four gauges fell within 0.04 percentage points of one another, 355 names declined - the most in at least two weeks - and the refinery complex joined the fall, NRL down 6.44% with only PRL holding.
- •The foreign-selling run reached seven sessions and roughly PKR 4.8bn, Wednesday's PKR 709.93m rebuilding after Tuesday's lull, and every session has been absorbed by local buying - the ledger to watch as the index approaches the floor that has held since it was reclaimed in late July.
What to watch
- •Whether the 173,518.81 floor holds if tested - Wednesday's close leaves a cushion of about 0.72%, the thinnest since the floor was reclaimed
- •Whether PRL's hold breaks or the complex steadies around it - the sector fell 2.54% with NRL down 6.44%, while PRL added 0.49% on 38m as the sector's only advancer, holding its circuit-won level a second session
- •Whether local buying keeps absorbing the foreign selling - seven straight net sells now total roughly PKR 4.8bn, with Wednesday's PKR 709.93m following Tuesday's PKR 109.60m lull
- •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.