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PSX indices and what each one tells you

There are 11+ PSX indices. SuperX groups them into three families so you can see where capital is actually moving on any given day.

By the SuperX team · Updated

The Pakistan Stock Exchange publishes more than ten indices. Most apps only show KSE-100 and stop. That hides the most interesting question: is everything moving together today, or is the index masking a sector rotation underneath?

SuperX groups every PSX index into three families and shows them side by side.

Family 1: Benchmarks

The general-purpose measures of “the Pakistani equity market.”

  • KSE-100 — the flagship. Top 100 PSX equities by free-float market cap. When the news says “the market”, they almost always mean this.
  • KSE-30 — top 30 by free-float. More liquid, blue-chip-only. Lower noise, but narrower.
  • KSE All-Share — every single PSX-listed equity. The broadest possible measure.

Family 2: Shariah

Indices that mirror the benchmark family but exclude non-Shariah-compliant names per AAOIFI methodology.

  • KMI-30 — top 30 Shariah-compliant equities. The Halal investor’s blue-chip benchmark.
  • KMI All-Share — every Shariah-compliant PSX equity.

These pair naturally with SuperX’s Halal-only filter and the curated 🌙 Shariah-Compliant PSX pie.

Family 3: Sectors

Where the daily story actually lives. SuperX ships six sector indices:

  • Cement — construction + housing demand. Highly cyclical.
  • Banking — net interest margins move with policy rate. Big-5 commercial dominance.
  • Oil & Gas — E&P + refining + downstream. FX-sensitive earnings.
  • Fertilizer — concentrated oligopoly. Urea + DAP names.
  • Power — IPP capacity payments + circular-debt overhang.
  • Tech & IT — software exporters. SBP IT-export incentives matter.

When the KSE-100 is flat but Cement is up 2% and Banking is down 1%, capital is rotating — a flat headline number hides that. The sector breakout shows it directly.

How SuperX computes index moves

For sector and Shariah indices, change-% is the unweighted average move of the index members for the day. So when you tap into Markets and stocks update, every derived index moves with them in real-time.

Benchmark levels are the exchange’s own, read daily: KSE-100, KSE-30, KMI-30, the All-Share and the rest of the family each have their own page on this site with history, returns by period and constituents.

Where to find them

  • Home — horizontal “PSX INDEX FAMILY” rail with KSE-100, KSE-30, KMI-30, and the 3 most-moved sectors today.
  • Settings → MARKETS → PSX index family — the full hub, grouped by family.

What you can do with the breakout

Three habits we’ve found useful:

  1. Read the headline before opening anything. If KSE-100 is +1% but Cement is -2%, your DGKC position isn’t doing what the headline implies. Open Cement first.
  2. Track KMI-30 vs KSE-100. When KMI outperforms, halal investors are winning. When KSE-100 outperforms KMI, banks and insurance are leading.
  3. Sector-rotate. If Tech & IT is up 3 days running while Banking is flat, the market is rewarding growth over yield.

SuperX does not provide investment advice. Indices are calculation aids, not buy/sell signals.