The rebound gathers pace: KSE-100 climbs 1.62% to 178,123.56 as cement leads 342 of 496 names higher
KSE-100
178,123.56
+1.62%
KSE-30
53,163.60
+1.61%
KMI-30 (Shariah)
250,746.13
+1.61%
All-Share
107,920.52
+1.30%
Market Pulse
Thursday built on Wednesday's relief. The KSE-100 rose 1.62% to 178,123.56 with the KSE-30 (+1.61%), Shariah KMI-30 (+1.61%) and All-Share (+1.30%) in step - a two-day recovery of 2.65% that leaves the index just under 5% below the 6 July record, though still short of Monday's 179,927 close and the 180,000 mark lost this week. Breadth stayed broad at 342 advancers to 128 decliners across a 496-name universe, and volume firmed to 737m (540m up, 196m down) from Wednesday's thin 584m, though it remains below the 900m-plus prints of the selloff sessions. The actives told a quirkier story: LOTCHEM (-0.49%, 70m) topped the table - the second straight session the heaviest-traded name fell on a rising day - while TPLP (+5.28%, 53m) swung 5%-plus for a fourth straight session after Wednesday's limit-up, ITTEFAQ (-4.6%, 35m) gave back part of Wednesday's 11.4% jump, and CNERGY (+0.5%, 21m), which had topped the actives every session from 9 to 14 July, slipped to fifth.
Sector micro-analysis
Only two of 33 tracked sectors closed lower - Sugar & Allied (-0.53%, on mixed 13 up / 14 down internals) and Transport (-0.08%, flat after being among Wednesday's strongest rebounders). Leadership rotated to Cement (+3.44%), where 18 of 19 traded names advanced behind FCCL (+4.38%, 9m), DGKC (+3.01%), MLCF (+2.60%, 15m) and LUCK (+1.98%). Property (+2.68%, 5 up / 0 down) followed with TPLP (+5.28%, 53m) and PACE (+5.03%, 15m); Textile Weaving (+2.34%), Oil & Gas Marketing (+2.33%, SSGC +3.17%) and Fertilizer (+2.29%, 5 up / 0 down) rounded out the leaders. Commercial Banks rose a more modest 1.1% (13 up / 6 down) with AKBL (+2.47%), NBP (+2.25%), HBL (+1.96%) and UBL (+1.65%) - Wednesday's leaders now mid-pack - and Technology & Communication added 0.88% (17 up / 5 down, TRG +4.89%). Refinery (+0.59%, all four names up: NRL +0.85%, PRL +0.60%, CNERGY +0.5%, ATRL +0.40%) returned to green quietly - a follower's move from what was the front-running trade of last week.
| Sector | Avg change | Breadth (A / D) |
|---|---|---|
| Cement | +3.44% | 18 / 1 |
| Property | +2.68% | 5 / 0 |
| Textile Weaving | +2.34% | 5 / 1 |
| Oil & Gas Marketing Companies | +2.33% | 9 / 1 |
| Leather & Tanneries | +0.06% | 5 / 1 |
| Transport | -0.08% | 4 / 2 |
| Sugar & Allied Industries | -0.53% | 13 / 14 |
Most active
- LOTCHEM 70m Rs 30.43 -0.49%
- TPLP 53m Rs 12.77 +5.28%
- ITTEFAQ 35m Rs 9.34 -4.50%
- TPLRF1 33m Rs 10.38 +2.67%
- CNERGY 21m Rs 9.61 +0.42%
Gainers
- SHNI Rs 10.50 +10.53%
- DBCI Rs 15.46 +10.04%
- ASTM Rs 25.83 +10.01%
- CCM Rs 48.80 +10.01%
- STML Rs 57.38 +10.01%
Losers
- KPUS Rs 2,079.41 -10.00%
- SGPL Rs 108.43 -10.00%
- FPJM Rs 12.27 -9.98%
- SERT Rs 69.19 -9.92%
- STL Rs 45.06 -9.79%
Market Action
Foreign (FIPI) net
+PKR 2.53bn (+$9.10M)
Local (LIPI) net
−PKR 2.53bn
Source: NCCPL FIPI/LIPI · settled 16 Jul 2026
Foreign investors were net buyers of PKR 2,530m (USD 9.1m); local investors were net sellers of PKR 2,530m. volume expanded with the advance - 540m up against 196m down on a 737m tape, firmer than Wednesday's relief session - and the buying stayed breadth-led, with cement and property absorbing the clearest bid. The heaviest-traded name closed lower for a second straight session, continuing this week's inversion of the early-July pattern in which a handful of heavily-traded gainers carried the tape; the current mix of broad participation and rotating sector leadership reads more like repositioning than a return of the concentrated speculative flows.
Outlook
- •Two rebound days have recouped just over half of the Monday-Tuesday slide: at 178,123.56 the index is back within 5% of the 6 July record, but still below Monday's 179,927.04 close and the 180,000 mark it lost this week.
- •Leadership is rotating day to day - banks led Wednesday, cement led Thursday with 18 of 19 names up - and the refineries' quiet return to green was a follower's move, a different market character from the CNERGY-led concentration of last week.
- •Friday closes the week: whether the recovery carries through 179,927.04 and 180,000, and whether volume keeps building toward the selloff sessions' 900m-plus prints, will show whether this is repair or a bounce within the drawdown.
What to watch
- •Whether Friday's session reclaims the 180,000 mark lost on Monday, with the 179,927.04 close of 13 July the nearer marker
- •Whether Cement's leadership (+3.44%, 18 of 19 names up, FCCL +4.38%) extends after taking the baton from Wednesday's bank-led bounce
- •Whether foreign buying keeps accelerating - NCCPL shows foreigners bought a net PKR 2,530m through Thursday's rally, the 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.