Relief after the rout: KSE-100 rebounds 1.02% to 175,285.78 with 360 of 495 names higher, but the refineries sit it out
KSE-100
175,285.78
+1.02%
KSE-30
52,320.98
+1.18%
KMI-30 (Shariah)
246,775.62
+0.99%
All-Share
106,536.81
+1.02%
Market Pulse
Wednesday brought relief, if not conviction. The KSE-100 rose 1.02% to 175,285.78, clawing back just over a quarter of Tuesday's 6,408-point plunge, with the KSE-30 (+1.18%), Shariah KMI-30 (+0.99%) and All-Share (+1.02%) climbing together. Participation was the month's broadest: 360 advancers against 104 decliners across a 495-name universe, beating even 1 July's breakout breadth, and up-volume of 453m dwarfed 129m down. But the tape was thin - total turnover of 584m was well below Tuesday's 913m and Friday's 910m - and the day's two heaviest-traded names both fell: KEL (-1.20%, 53m) took the most-active slot that CNERGY (-1.14%, 38m) had held every session since 9 July, an inversion of the month's pattern of concentrated buying against falling breadth. TPLP (+9.97%, 28m) snapped back to its daily band after falling 6.9% and 6.1% in the two prior sessions, and BOP (+2.06%, 24m) rebounded with the banks. The index remains 6.5% below the 6 July record and below every other close this month bar Tuesday's.
Sector micro-analysis
Only three of 33 tracked sectors closed lower, and Tuesday's casualties led the recovery: Transport (+2.18%, 5 up / 0 down) after its 6.35% fall, Paper, Board & Packaging (+2.24%) after -5.54%, Technology & Communication (+2.07%, 19 up / 2 down) after -5.37%, and Property (+2.88%, 4 up / 1 down) with TPLP limit-up on 28m. The heavyweight bid returned: Commercial Banks (+1.4%, 16 up / 3 down) were paced by NBP (+4.27%), which topped the value-turnover table, with AKBL (+3.29%), BOP (+2.06%, 24m), UBL (+1.89%), HBL (+1.77%) and MEBL (+1.77%) behind; Cement rose 0.85% (15 up / 4 down, MLCF +2.52% on 11m), Fertilizer 0.84% (5 up / 0 down) and the E&Ps 0.36% (4 up / 0 down). The exception was pointed: Refinery (-1.07%, 0 up / 4 down) extended Tuesday's break instead of joining the bounce - PRL (-1.55%), NRL (-1.47%), CNERGY (-1.14%) and ATRL (-0.12%) all lower.
| Sector | Avg change | Breadth (A / D) |
|---|---|---|
| Property | +2.88% | 4 / 1 |
| Synthetic & Rayon | +2.60% | 4 / 1 |
| Paper, Board & Packaging | +2.24% | 7 / 3 |
| Transport | +2.18% | 5 / 0 |
| Textile Weaving | -0.18% | 4 / 2 |
| Cable & Electrical Goods | -0.24% | 5 / 2 |
| Refinery | -1.07% | 0 / 4 |
Most active
- KEL 53m Rs 7.43 -1.20%
- CNERGY 38m Rs 9.57 -1.14%
- TPLP 28m Rs 12.13 +9.97%
- BOP 24m Rs 33.72 +2.06%
- TPLRF1 18m Rs 10.11 +7.44%
Gainers
- TCORPR2 Rs 3.95 +12.86%
- ITTEFAQ Rs 9.78 +11.39%
- DBCI Rs 14.05 +10.02%
- CPPL Rs 107.20 +10.01%
- FPJM Rs 13.63 +10.01%
Losers
- POWERPS Rs 23.76 -9.93%
- GEMBCEM Rs 13.05 -9.69%
- EMCO Rs 53.53 -9.36%
- FSWL Rs 170.75 -8.04%
- ICIBL Rs 20.20 -7.42%
Market Action
Foreign (FIPI) net
+PKR 613.33m (+$2.21M)
Local (LIPI) net
−PKR 613.33m
Source: NCCPL FIPI/LIPI · settled 15 Jul 2026
Foreign investors were net buyers of PKR 613.33m (USD 2.2m); local investors were net sellers of PKR 613.33m. the rebound's volume signature was the reverse of the month's pattern - buying spread across 360 advancers rather than concentrating in a handful of actives, with up-volume of 453m against 129m down on a light 584m tape, while the two heaviest-traded names (KEL, CNERGY) both declined. Broad participation on thin turnover reads as relief buying and short-term repositioning after Tuesday's rout rather than a conviction-led reversal.
Outlook
- •Wednesday's 1.02% gain recovers just over a quarter of Tuesday's plunge and leaves the index at 175,285.78 - still 6.5% below the 6 July record, and below every other close this month except Tuesday's.
- •The quality of the bounce is mixed: the month's broadest positive breadth (360 advancers to 104) arrived on far thinner volume - 584m against Tuesday's 913m and Friday's 910m - so participation was wide but conviction remains untested.
- •The rebound happened without the month's favourite trade: refineries fell furthest of the three declining sectors - the only one with every name lower - and CNERGY's four-session run atop the actives ended, so the next sessions will show whether leadership passes durably to the banks that led both the fall and the recovery.
What to watch
- •Whether the rebound builds toward the 180,000 level lost on Monday, or fades the way the 10 July bounce did
- •Whether NBP's +4.27% - top of the value-turnover table - marks a durable leadership hand-off to banks after Tuesday's 4.28% sector fall with all 19 names lower
- •Whether foreign buying keeps scaling with the tape - NCCPL shows foreigners bought a net PKR 613.33m through Wednesday's rebound, their second-largest purchase of a streak running unbroken since 8 July, with locals the sellers throughout
- •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.