KEY POINTS
- KSE-100 Index slips 291.59 points to 161,692.49.
- Market breadth negative with 284 decliners versus 155 advancers.
- Shariah-compliant index sees addition of 35 firms; 12 removed.
- Cement sector takeover bid for Attock Cement extended by 90 days.
ISLAMABAD: The Pakistan Stock Exchange (PSX) ended Tuesday’s session in negative territory as investors navigated a choppy market influenced by regulatory changes and corporate activity.
The benchmark KSE-100 Index declined 291.59 points, or 0.18 per cent, to close at 161,692.49, after oscillating between an intraday high of 162,819.85 and a low of 161,276.81 points.
Trading activity remained robust, with 590.54 million shares exchanged across 293,307 trades. Market capitalisation dropped to approximately Rs18.22 trillion, reflecting investor caution amid a mixed macroeconomic and corporate news backdrop.
Market breadth was tilted towards declines, with 284 companies losing ground, 155 posting gains, and 120 remaining unchanged.
Top Performers and Volume Leaders
Bank Makramah (BML) emerged as the volume leader, with 93.03 million shares changing hands, followed by Pakistan International Bulk Terminal (PIBTL) at 74.45 million shares and K-Electric Ltd. (KEL) at 58.33 million shares.
Among the top gainers were The Thal Industries Corporation Limited and Shield Corporation Limited, while PIA Holding Company Limited and Unilever Pakistan Foods Limited led the decliners.
Market Drivers
The PSX announced changes to its Shariah-compliant universe, adding 35 companies and removing 12 from the PSX-KMI All Share Islamic Index.
These adjustments will be implemented starting December 2, 2025, and are expected to influence portfolio allocations among Islamic investors.
Fauji Cement Company Limited (FCCL) and KAPCO have requested a 90-day extension to complete their takeover bid for Attock Cement Pakistan Limited (ACPL). This development has attracted the attention of investors closely monitoring the cement sector.
Macro Mirror
On the macroeconomic front, the Government of Pakistan launched its first domestic Green Sukuk, targeting an issuance of PKR 30 billion to support climate-resilient projects and sustainable finance initiatives.
Meanwhile, the Pakistani rupee showed modest gains against the US dollar in the interbank market, closing at PKR 280.57 per USD.
Investors are expected to follow upcoming Shariah index changes, corporate merger developments, and macroeconomic indicators closely as the market navigates an environment of selective optimism amid ongoing volatility.
