The rebound runs out of road: KSE-100 slips 1.30% to 175,802.78, sealing a 3.53% weekly decline - refineries the day's standout
KSE-100
175,802.78
-1.30%
KSE-30
52,497.68
-1.25%
KMI-30 (Shariah)
247,323.37
-1.37%
All-Share
106,568.28
-1.25%
Market Pulse
Friday failed the test the rebound had set. Instead of carrying toward Monday's 179,927.04 close and the 180,000 mark, the KSE-100 fell 1.30% to 175,802.78 - the KSE-30 (-1.25%), Shariah KMI-30 (-1.37%) and All-Share (-1.25%) alongside - closing a week that packed the month's whole cycle into five sessions: the first sub-180,000 close on Monday, Tuesday's 3.56% rout, two rebound days, and a Friday fade. Week over week the index lost 3.53%, its second straight weekly decline, and ends 6.2% below the 6 July record. Breadth swung back to 101 advancers against 367 decliners across a 497-name universe, though volume eased to 621m (197m up, 424m down) - far lighter selling than the rout's 900m-plus sessions. CNERGY (+2.08%, 86m) reclaimed the most-active slot it lost on Wednesday, PRL (+7.06%, 39m) rode the refinery bid to third, and TPLP (-5.25%, 63m) swung 5%-plus for a fifth straight session.
Sector micro-analysis
Five sectors closed higher and one mattered: Refinery (+3.09%, all four names up) surged against the falling tape for the fourth down-day this month, with PRL (+7.06%) leading the entire value-turnover table on 39m shares, NRL (+2.87%) behind it, and CNERGY (+2.08%) turning over 86m. Synthetic & Rayon (+1.78%) was the only other sector above 1%. The declines ran everywhere else: Property (-3.31%, 0 up / 5 down, TPLP -5.25% on 63m) and Transport (-3.08%, 0 up / 6 down) were the worst - Transport round-tripping its rebound gain while Property gave back Thursday's leg; Commercial Banks fell 1.44% with all 19 traded names lower - AKBL (-2.88%), NBP (-2.13%), HBL (-1.57%) - their second 0-up session of the week; Cement (-1.39%, 2 up / 17 down, MLCF -2.71%) gave back Thursday's leadership; Power lost 2.1% (KEL -3.16%, 18m); and the E&Ps went 0 up / 4 down with OGDC (-1.68%) and PPL (-2.22%).
| Sector | Avg change | Breadth (A / D) |
|---|---|---|
| Refinery | +3.09% | 4 / 0 |
| Synthetic & Rayon | +1.78% | 2 / 2 |
| Close - End Mutual Fund | +0.99% | 2 / 1 |
| Miscellaneous | +0.51% | 6 / 9 |
| Textile Weaving | -3.02% | 1 / 5 |
| Transport | -3.08% | 0 / 6 |
| Property | -3.31% | 0 / 5 |
Most active
- CNERGY 86m Rs 9.81 +2.08%
- TPLP 63m Rs 12.10 -5.25%
- PRL 39m Rs 44.59 +7.06%
- WTL 23m Rs 1.23 -3.15%
- KEL 18m Rs 7.35 -3.16%
Gainers
- DBCI Rs 17.01 +10.03%
- RUBY Rs 17.59 +10.01%
- SHCM Rs 50.61 +10.00%
- NSRM Rs 272.20 +10.00%
- CCM Rs 53.68 +10.00%
Losers
- TCORPR2 Rs 2.70 -24.79%
- FPJM Rs 11.04 -10.02%
- KPUS Rs 1,871.47 -10.00%
- SERT Rs 62.27 -10.00%
- SGPL Rs 97.59 -10.00%
Market Action
Foreign (FIPI) net
+PKR 1.69bn (+$6.07M)
Local (LIPI) net
−PKR 1.69bn
Source: NCCPL FIPI/LIPI · settled 17 Jul 2026
Foreign investors were net buyers of PKR 1,687m (USD 6.1m); local investors were net sellers of PKR 1,687m. the selling was broad but not urgent - 424m of the day's 621m volume traded in declining names against 197m in advancers, on a tape well below the week's 700m-900m sessions - while the bid concentrated where it has all month on down days: the refineries, with PRL topping value turnover and CNERGY the most-active name. Broad-but-lighter selling into a narrow, familiar pocket of buying reads as a fade of the two-day relief move rather than a resumption of the rout.
Outlook
- •The week closed at -3.53%, the second straight weekly decline and steeper than last week's 1.69%: five sessions that contained the month's low (173,518.81), two rebound days, and a Friday fade that left the recovery short of every marker it was chasing.
- •Friday's decline came on 621m - well below the rout sessions' 900m-plus - and the month's counter-trend pattern reasserted itself, refineries surging against the tape for the fourth down-day this month while banks logged their second 0-up-19-down session of the week.
- •Next week opens with the index at 175,802.78, between the month's 173,518.81 low and the failed recovery's 178,123.56 high - which side of that band gives way first is now the frame for the week ahead.
What to watch
- •Whether the refinery bid extends - PRL (+7.06%) topped value turnover and CNERGY (+2.08%, 86m) retook the most-active slot, the trade's fourth counter-trend surge on a down day this month
- •Whether Commercial Banks stabilise after their second 0-up / 19-down session of the week, AKBL (-2.88%) and NBP (-2.13%) leading Friday's fall
- •Whether foreign buying keeps leaning against the local selling - NCCPL shows foreigners bought a net PKR 1,687m through Friday's fade, the second-largest purchase of a streak running unbroken since 8 July
- •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.