October 24, 2025 (MLN): The benchmark KSE-100 Index concluded Friday's trading session at 163,304.13, showing a decrease of 1,286.28 points or 0.78%.

The index traded in a range of 1,983.88 points showing an intraday high of 165,025.85 (+435.44) and a low of 163,041.97 (-1,548.44) points.

Market went red after NEPRA’s extensive revisions to K-Electric’s Multi-Year Tariff (MYT) for FY2024–30 drew sharp criticism from the utility’s CEO, Syed Moonis Abdullah Alvi, who termed the “large-scale reductions and modifications” as unsustainable for operations.

The development triggered a sell-off in K-Electric’s stock, which plunged 5.59%, leading the volume chart with over 109 million shares traded.

Adding to the pressure, weak corporate earnings further dampened investor confidence. Kot Addu Power Company Limited (KAPCO) reported a 99.6% year-on-year plunge in profit to just Rs4.88 million, while Bank Islami Pakistan Limited (BIPL) posted a 50% drop in nine-month earnings to Rs5.07 billion.

The total volume of the KSE-100 Index was 424.61 million shares.

Of the 100 index companies 25 closed up, 73 closed down, while 2 were unchanged.

Top losers during the day were PKGP (-9.96%), KEL (-7.57%), AKBL (-6.09%), KAPCO (-5.74%), and BOP (-5.64%).

On the other hand, top gainers were LOTCHEM (+5.30%), PAKT (+4.03%), SNGP (+3.76%), ENGROH (+3.69%), and SEARL (+1.93%).

In terms of index-point contributions, companies that dragged the index lower were UBL (-185.37pts), BAHL (-166.12pts), MEBL (-146.15pts), HBL (-106.25pts), and BOP (-103.17pts).

Meanwhile, companies that added points to the index were ENGROH (+275.03pts), SNGP (+47.05pts), PAKT (+26.62pts), HMB (+21.82pts), and SRVI (+18.90pts).

Sector-wise, KSE-100 Index was let down by Commercial Banks (-990.78pts), Power Generation & Distribution (-156.83pts), Cement (-97.21pts), Technology & Communication (-74.00pts), and Oil & Gas Exploration Companies (-54.89pts).

While the index was supported by Inv. Banks / Inv. Cos. / Securities Cos. (+261.94pts), Tobacco (+26.62pts), Oil & Gas Marketing Companies (+21.69pts), Leather & Tanneries (+18.90pts), and Textile Spinning (+1.29pts).

In the broader market, the All-Share Index closed at 51,718.76 with a net loss of 436.30 points or 0.84%.

Total market volume was 1,041.17 million shares compared to 1,504.58m from the previous session while traded value was recorded at Rs35.02 billion showing a decrease of Rs14.50bn.

There were 409,027 trades reported in 478 companies with 136 closing up, 300 closing down, and 42 remaining unchanged.

To note, the KSE-100 has gained 37,677 points or 29.99% during the fiscal year, whereas it has increased 48,177 points or 41.85% so far this calendar year.

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