Bearish wave wipes out 908 points off KSE-100

Published
0
Stockbrokers seen near an electronic display board at the Karachi Stock Exchange, November 17, 2008 — REUTERS/File
Stockbrokers seen near an electronic display board at the Karachi Stock Exchange, November 17, 2008 — REUTERS/File

Pakistan’s benchmark stock exchange, KSE-100, closed in the red on Friday, down 908.91 points (0.5 per cent) from its previous close of 180,512.64 points.

The top active stocks were led by K-Electric Limited, rising 4.02pc to Rs8.55 at a volume of 131,137,671, followed by Pakistan International Bulk Terminal, which rose 0.72pc to Rs19.53 at a volume of 34,704,501, and Worldcall Telecom Limited, which fell 1.21pc to Rs1.63 at a volume of 33,828,798.

The top advancers were led by LSE Capital Limited, which rose to Rs2.30, a 25.68pc increase, followed by 786 Investments Limited, which rose to Rs16.25, a 10.02pc increase, and Apna Microfinance Bank Limited, which advanced to Rs21.74, a 10.02pc increase.

The top decliners were led by Grays Leasing Limited, falling 9.65pc to Rs20.78, followed by Saritow Spinning Mills Limited, falling 9.57pc to Rs28.17, and Shahtaj Sugar Mills Limited, falling 9.10pc to Rs152.71.

In company news, according to Topline Securities, Pakistan Petroleum Limited (PPL) reported its 2QFY26 results, posting earnings of Rs20.3bn, down 26pc year-on-year while remaining largely flat on a quarter-on-quarter basis (up 1pc). The brokerage house noted that the year-on-year decline is primarily driven by lower hydrocarbon production and weaker oil prices. Pakistan Petroleum Limited stock fell 0.38pc to Rs236.27.

Follow Dawn Business on X, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Reviewing ties
Updated 06 Nov, 2026

Reviewing ties

With the Democrats clawing back power in Congress, changes in America’s approach to global engagement are likely to occur.
Genuine engagement
06 Nov, 2026

Genuine engagement

THE PTI-led opposition alliance TTAP appears to have finally brought an initially reluctant Maulana Fazlur Rahman on...
Human bondage
Updated 06 Nov, 2026

Human bondage

Law enforcement and political quarters are notorious for protecting the perpetrators, instead of ensuring legal implementation. Systemic coercion will keep Pakistan from becoming a humane state.
Blue wave
Updated 05 Nov, 2026

Blue wave

While Trump does not usually learn from his errors, perhaps seeing the response of the American voters he may attempt a wiser course.
New LPG policy
Updated 05 Nov, 2026

New LPG policy

If the policy is enforced effectively, it could potentially help end shortages and slash prices. But the question remains whether it will.
Polio’s other victims
05 Nov, 2026

Polio’s other victims

FOR decades, Pakistan has vowed to eradicate polio. Billions have been spent on logistics and awareness drives. Yet...