KSE-100 gains 0.47% to 165,930.98 on even breadth, 11.48% below the record, as power, cement and E&Ps rise while refineries fall 1.97%
KSE-100
165,930.98
+0.47%
KSE-30
49,063.88
+0.46%
KMI-30 (Shariah)
238,884.55
+0.41%
All-Share
100,610.48
+0.45%
Market Pulse
Wednesday's 380m tape was down from Tuesday's 447m and close to even in volume: 188m traded in advancing names against 181m in declining ones, with 11m in unchanged names, 10m of it in WTL, unchanged at Rs 0.93. Two refineries again led the volume: PRL fell 1.54% to Rs 99.88 on 49m, its second straight fall, which has taken it 8.21% under Monday's Rs 108.81 though it remains 7.18% above 13 October's Rs 93.19, and CNERGY rose 0.89% to Rs 12.52 on 40m. PASL fell 3.19% to Rs 3.04 on 22m after Tuesday's 19.85% gain, TPLT rose 9.17% to Rs 37.61 on 15m, TPL rose 0.64% on 13m, NCPL rose 9.53% to Rs 51.50 on 8m, TPLP fell 2.39% on 8m, TISL fell 1.50% on 8m, MACFL fell 10.00% on 7m, PIBTL fell 0.68% on 7m, DSIL rose 9.67% on 6m, WAVESAPP fell 1.66% on 6m and SLGL rose 3.42% on 6m. LSEFSLR, the rights line, fell 4.54% to Rs 0.63 on 3m, 71.23% under its Rs 2.19 reference price, while its parent LSEFSL fell 6.79%. At the extremes, 16 names closed up 9.9% or more against three down by that much: DEL led the gainers at 10.03% with GRYL, PIM, FCIBL and SZTM at the 10% limit, and UCAPM rose 10.00% to Rs 16.06 for a tenth straight gain of 10% or more, while the losers were MACFL, which fell 10.00% for a fifth straight limit-down and stands 40.95% below 14 October's Rs 123.87, then SINDM at 9.99% and CFL at 9.99%.
Sector micro-analysis
Eighteen of 33 sectors closed higher and 15 lower, with the E&Ps the only one of the 33 to close with all its names higher. The top three were thin or narrow: Leather and Tanneries rose 1.83% with four of six up on FIL's 9.31% on 0.02m, the Real Estate Investment Trusts 1.40% on JSRR's 8.74% on 0.02m with three of seven up and four lower, and Power Generation and Distribution 1.39% with seven of 16 up on NCPL's 9.53% on 8m, NPL's 9.47% on 4m and TSPL's 9.99%, though eight names were lower. Textile Spinning rose 1.00% with 20 of 43 up, Automobile Assemblers 0.97% with eight of ten up, Textile Composite 0.95%, Cement 0.90% with 13 of 19 up on DNCC's 9.99% on 3m, Investment Banks, Investment Companies and Securities Companies 0.86% with 19 of 34 up, and the E&Ps 0.86% with MARI up 1.17%, PPL 1.10% on 2m, OGDC 1.01% on 1m and POL 0.16%. Among the larger groups, Commercial Banks rose 0.52% with 15 of 19 higher, BML up 2.29%, HBL 2.00% and AKBL 0.97% on 4m, and Oil and Gas Marketing Companies 0.06% on a five-five split, while Technology and Communication fell 0.02% with 11 of 22 lower, TPLT's 9.17% on 15m and TPL's 0.64% on 13m meeting falls in SELECT of 3.34% and NETSOL of 1.90%, and Fertilizer fell 0.91% with three of five lower on AGL, FATIMA and AHCL. The weakest sectors were Property, down 2.08% with TPLP's 2.39% on 8m, the Refinery sector 1.97% with only CNERGY higher, Paper, Board and Packaging 1.40% on MACFL's 10% limit-down, the Close-End Mutual Funds 1.18%, Cable and Electrical Goods 1.13%, Apparel 1.09%, Fertilizer 0.91% and Engineering 0.85% with 13 of 18 lower.
| Sector | Avg change | Breadth (A / D) |
|---|---|---|
| Leather & Tanneries | +1.83% | 4 / 2 |
| Real Estate Investment Trust | +1.40% | 3 / 4 |
| Power Generation & Distribution | +1.39% | 7 / 8 |
| Textile Spinning | +1.00% | 20 / 14 |
| Paper, Board & Packaging | -1.40% | 2 / 9 |
| Refinery | -1.97% | 1 / 3 |
| Property | -2.08% | 2 / 3 |
Most active
- PRL 49m Rs 99.88 -1.54%
- CNERGY 40m Rs 12.52 +0.89%
- PASL 22m Rs 3.04 -3.19%
- TPLT 15m Rs 37.61 +9.17%
- TPL 13m Rs 22.18 +0.64%
Gainers
- DEL Rs 17.11 +10.03%
- GRYL Rs 36.47 +10.02%
- PIM Rs 106.32 +10.01%
- FCIBL Rs 70.81 +10.01%
- SZTM Rs 109.52 +10.00%
Losers
- MACFL Rs 73.14 -10.00%
- CFL Rs 75.10 -9.99%
- SINDM Rs 53.78 -9.99%
- ASIC Rs 32.76 -9.53%
- PECO Rs 742.24 -8.58%
Market Action
Foreign (FIPI) net
−PKR 718.80m (−$2.59M)
Local (LIPI) net
+PKR 718.80m
Source: NCCPL FIPI/LIPI · settled 21 Oct 2026
Foreign investors were net sellers of PKR 718.80m (USD 2.6m); local investors were net buyers of PKR 718.80m. The internals read as an even session with the groups diverging: 225 advancers against 229 decliners, 188m traded in advancing names against 181m in declining ones, 18 of 33 sectors higher, power, cement and the E&Ps up while the Refinery sector fell 1.97%. The foreign selling was the largest since 11 September's PKR 1.79bn and reversed Tuesday's PKR 206.30m net buy, which had ended five straight net sells, with locals absorbing it while the index rose.
Outlook
- •A 779.34-point gain to 165,930.98 recovered all but 35 points of Tuesday's 814.44-point fall and left the index 0.02% under Monday's close, but it is still 2,779 points under the 10% line for a fifteenth straight session, 11.48% below the record and 2.98% under the 24 July low for a twentieth, and only the sixth-lowest close since the 6 July record.
- •The gain came on even breadth, 225 advancers against 229 decliners after Tuesday's 127 against 324, with 18 of 33 sectors higher and a near-even volume split, 188m up against 181m down, on a 380m tape that was down from 447m.
- •The groups diverged: power names, cement and the E&Ps rose, with NCPL up 9.53% and NPL 9.47%, while the Refinery sector fell again, by 1.97% after Tuesday's 5.85% drop, PRL down 1.54% after Tuesday's 6.77% fall, and MACFL fell 10.00% for a fifth straight limit-down.
What to watch
- •Whether the index holds above the 5 October close of 165,867.31 - Wednesday's 165,930.98 was 0.04% above it, 0.70% above 13 October's 164,776.44 and 1.65% under the 168,710 line
- •Whether the refineries stabilise after two days of falls - PRL has fallen 8.21% in two sessions from Monday's Rs 108.81, with CNERGY the one refinery higher on Wednesday
- •Whether foreign selling continues - Wednesday's PKR 718.80m net sell was the largest since 11 September's PKR 1.79bn and more than reversed Tuesday's PKR 206.30m net buy
- •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.