Weekly Market Roundup

June 09, 2025 (MLN):The market witnessed upward momentum throughout the week , primarily influenced by growing investor confidence ahead of the upcoming budget and expectations of a stable fiscal environment with no major changes to existing tax structures.

Consecutively, the bench mark KSE 100 index gained 1,949.91 points or 1.63%, closing the session at 121,641 compared to the previous week’s close of 119,691.09.

Intraday swings were significant, with the index reaching a high of 122,281.58 (+640.58 points) and a low of 118,672.84 (-2,968.16 points).

Market cap

The KSE-100 market capitalization stood at Rs3.63 trillion, up 1.62% from the previous week’s Rs3.57tr. In USD terms, the market cap was recorded at $12.89 billion, compared to $12.69bn in the prior week.

This week, the index return in USD terms was 1.57%, compared to 0.47% the previous week, with the market also marking its all-time high during the week.

On the economic front, Pakistan's CPI inflation is estimated at 0.88% YoY in April 2025, easing sharply from 17.3% last year, with MoM inflation declining by 0.2%.

Net receipts of National Savings Schemes stood at Rs30.64bn in April 2025, up from Rs27.74bn in March, while Defence Saving Certificates saw a net outflow of Rs457.24m.

Government domestic debt and liabilities increased 17.19% YoY to Rs52.74tr in April 2025, up 1.94% MoM from March.

Furthermore, Central government debt rose 13.39% YoY to Rs74.94tr in April 2025, up 1.69% MoM from March.

Pakistan’s trade deficit fell 23.47% to $2.62bn in May 2025, with exports rising 17.43% to $2.55bn and imports dropping 7.58% to $5.17bn.

Pakistan’s short-term inflation rose 0.02% WoW and fell 0.02% YoY, with prices of 18 items increasing, 6 decreasing, and 27 stable.

The State Bank of Pakistan’s foreign exchange reserves fell $7.2m WoW to $11.51bn, while total reserves declined $39m to $16.6bn.

The positive economic cues helped stabilize investor sentiment, pushing the KSE-100 index’s fiscal year-to-date returns to 55.06%, while CYTD return stood at 5.65%. 

Top Index Movers

During the week, Commercial Bank, Power Generation & Distribution and fertilizer contributed 1043.64, 368.96, and 206.42 points to the index.

On the flip side, Technology & Communication, Automobile Assembler, Oil & Gas Exploration Companies, and Miscellaneous dented the index by -77.65, -28.9 and -23.79 points, respectively.

Among individual stocks, PKGP added 326.92 points to the index while BAHL, NBP, and HBL contributed to the index by 207.59, 165.26, and 159.7, respectively.

Conversely, SYS, FCCL, and HUBC eroded -146.66, -32.43, and -28.3 points, respectively.

FIPI/LIPI

This week, foreign investors remained net sellers, offloading equities worth $14.69m.

Foreign Corporates led the selling spree worth $14.82m while Overseas Pakistanis bought equities worth $0,065.

On the other hand, local investors were net buyers this week, purchasing equities worth $14.69m.

Companies and Insurance Companies bought securities worth $8.61m and $8.06m, respectively, while Mutual Funds sold securities worth $11.42m.

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