Third straight gain: KSE-100 edges 0.26% higher to 184,520.96 as the rally rotates from banks to energy and tech
KSE-100
184,520.96
+0.26%
KSE-30
55,083.19
+0.25%
KMI-30 (Shariah)
261,314.50
+0.26%
All-Share
111,273.73
+0.44%
Market Pulse
Thursday was the digestion session the tape needed. After Wednesday's 2.08% bank-led surge, the KSE-100 added a measured 0.26% to 184,520.96 - a third consecutive gain and another fresh high - with the KSE-30 (+0.25%) and Shariah KMI-30 (+0.26%) matching the move and the All-Share (+0.44%) outrunning it, a hint the advance is widening beyond the biggest names. Breadth narrowed to 226 advancers against 194 decliners across the 439-name tracked universe, but the volume split stayed emphatically positive: roughly 657m shares traded up versus 280m down on total turnover of 962m, the heaviest tape of the run. TPLP (+4.76% on 85m shares), BOP (+1.27% on 59m) and CNERGY (+2.19% on 40m) headlined the actives - money kept working, it just rotated.
Sector micro-analysis
The banks that carried Wednesday took a breather - Commercial Banks added just 0.65% on a split tape (10 up, 9 down): UBL (+1.10%), BOP (+1.27%) and AKBL (+0.61%) extended while HBL (−0.59%) and MEBL (−0.19%) gave a little back. The baton passed elsewhere: the energy explorers finally joined, with OGDC (+1.25%), PPL (+0.91%) and MARI (+0.54%) all green among the heaviest turnover; Pharmaceuticals (+1.76%), Power (+1.62%) and Technology (+1.4%, TRG +5.49%, TELE +2.77%) did the sector-level lifting; and Synthetic & Rayon (+3.29%) and Transport (+2.75%, PIBTL +1.06%) topped the percentage table. Autos (−0.72%) and Textile Weaving (−1.46%) were the narrow red pockets.
| Sector | Avg change | Breadth (A / D) |
|---|---|---|
| Synthetic & Rayon | +3.29% | 3 / 2 |
| Transport | +2.75% | 4 / 2 |
| Modarabas | +1.95% | 11 / 7 |
| Glass & Ceramics | +1.83% | 4 / 2 |
| Automobile Assembler | -0.72% | 1 / 7 |
| Leather & Tanneries | -0.86% | 1 / 4 |
| Textile Weaving | -1.46% | 2 / 4 |
Most active
- TPLP 85m Rs 11.23 +4.76%
- BOP 59m Rs 36.77 +1.27%
- CNERGY 40m Rs 8.39 +2.19%
- BLUEX 36m Rs 8.52 -6.99%
- TPLRF1 31m Rs 10.64 +1.04%
Gainers
- FPRM Rs 15.48 +10.02%
- FFLM Rs 26.70 +10.01%
- ANTM Rs 41.21 +10.01%
- RUPL Rs 31.54 +10.01%
- SGPL Rs 96.97 +10.01%
Losers
- TRIPF Rs 152.49 -9.61%
- ASIC Rs 34.10 -9.50%
- JATM Rs 40.47 -9.30%
- BAPL Rs 33.84 -8.81%
- HUSI Rs 56.44 -8.73%
Market Action
Foreign (FIPI) net
−PKR 268.07m (−$964.27k)
Local (LIPI) net
+PKR 268.07m
Source: NCCPL FIPI/LIPI · settled 2 Jul 2026
Foreign investors turned modest net sellers of PKR 268.07m (USD 1.0m) as the index digested Wednesday's surge, while the local book was dominated by negotiated blocks - mutual funds took in PKR 6.47bn (4.32bn of it via BNB block trades) largely from insurance (−6.13bn, including −3.31bn in blocks) and Banks/DFI (−0.24bn net, despite +1.07bn of open-market buying); individuals (+0.12bn), other organisations (+0.08bn) and brokers (+0.08bn) leaned gently onto the bid.
Outlook
- •A shallow 0.26% add to 184,520.96 on the run's heaviest turnover (962m shares) is constructive digestion after Wednesday's 2.08% surge - the index held its breakout above 184,000 rather than giving it back.
- •The rotation answered Wednesday's one gap: the exploration heavyweights joined the move (OGDC +1.25%, PPL +0.91%, MARI +0.54%) just as the banks cooled to +0.65% on a split 10-up/9-down tape, broadening the rally's base.
- •Narrower breadth (226 advancers vs 194 decliners) is the caution flag - the up-volume skew remains firmly positive, but a further narrowing would leave the advance leaning on fewer names.
What to watch
- •Whether the banks resume leadership after a mixed session (UBL and BOP green; HBL and MEBL soft) or the rotation into energy and tech extends
- •Follow-through in the heavy actives - TPLP (+4.76% on 85m), BOP (59m) and CNERGY (+2.19% on 40m)
- •Whether breadth re-broadens from 226 advancers against 194 decliners as the index consolidates the fresh high
- •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.