KARACHI — On a day when the Pakistan Stock Exchange resembled a financial battlefield, a handful of stocks did the near-impossible: they held their ground. On Monday, April 13, 2026, the benchmark KSE-100 index was a scene of unparalleled devastation, crashing by a brutal -3.95% and erasing over 6,600 points. It was a high-conviction sell-off that hammered virtually every major sector.
However, a close inspection of the daily data sheet reveals a fascinating contrarian story. Tucked away beneath the heavyweights that were dragging the market down, a select group of five resilient stocks managed to provide a few lonely sparks of green, acting as the day’s primary “Pullers.”
The Contrarian Leaders
Heading the list of these defiant stocks was Service Global Footwear Limited (SRVI). While giants like FFC and ENGRO were bleeding hundreds of points, SRVI managed to contribute a modest but noteworthy 16.62 points to the index’s positive column. In a market devoid of optimism, this performance stood out like a lighthouse in a storm, likely driven by specific positive corporate news or strategic buying from value-seeking investors who saw the widespread panic as an opportunity to enter an undervalued position.
Next on the list was TPL REIT Fund I (TPLRF1), which added 2.46 points. This modest positive movement highlights a potential flight-to-safety, with some investors seeking refuge in alternative asset classes like Real Estate Investment Trusts, which are often perceived as less volatile than conventional equities.
Round out the small list of winners were HBL Growth Fund (HGFA) contributing 1.28 points, Rupali Polyester Limited (RMPL) adding 0.34 points, and Pak-Gulf Leasing Company Limited (PGLC) with a positive contribution of 0.03 points.
Context: The Value of a Few Green Pixels
In isolation, these numbers are tiny. A collective contribution of just under 21 points by the top pullers doesn’t even begin to dent the catastrophic 6,600-point decline. But on a day when the general sentiment was one of pure panic, the mere existence of these hidden winners provides crucial context.
”Today was a masterclass in panic,” noted a senior market strategist. “When you see the ‘Draggers’ list, it’s all the corporate kings—the cements, the fertilizers, the banks. That’s an institutional exit. The few stocks that are up are often niche plays where local funds or sophisticated individual traders are seeing value. If you’re looking for a contrarian entry point, the pullers on a bloodbath day are usually where you start your research.”
The Road Ahead
For the broader market, the immediate future is fraught with peril. Tomorrow’s trading session will be a litmus test of whether today’s panic was a temporary emotional reaction or the start of a deep bearish cycle. The KSE-100 is hovering precarious near a critical psychological support level of 160,000. While the vast majority of investors are licking their wounds and strategizing defensive moves, the performance of stocks like SRVI will be watched with keen interest as a potential indicator of where professional money is willing to stick its neck out.
📊 KSE-100 Daily Market Wrap
Data Date: 13 April 2026
| Metric | Open | High | Low | Close | Change | % |
|---|---|---|---|---|---|---|
| KSE-100 | 161,837 | 163,612 | 160,158 | 160,591 | -6,600 | -3.95% |
📉 Sector Contribution
| Category | No | Value | Points | Stock |
|---|---|---|---|---|
| Volume (Mn) | – | 324.64 | – | – |
| FYTD | – | 27.83% | – | – |
| CYTD | – | -7.73% | – | – |
| Puller | 1 | – | 16.62 | SRVI |
| 2 | – | 2.46 | TPLRF1 | |
| Dragger | 1 | – | -688.43 | FFC |
| 2 | – | -530.68 | UBL | |
| 3 | – | -479.29 | ENGROH |
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