Weekly Market Roundup

June 22, 2025 (MLN): On the back of escalating geopolitical tensions, the Pakistan Stock Exchange endured a dismal week, erasing early gains from Monday’s Monetary Policy Statement, which held the policy rate steady.

Investor confidence quickly waned amid global risk aversion, triggering broad-based profit-taking across sectors.

As a result, the benchmark KSE-100 plunged by 2,120.33 points, or 1.74%, to close at 120,023.23, well below last week’s close of 122,143.56.

Market cap

The KSE-100 market capitalization stood at Rs3.58 trillion, down 1.74% from the previous week’s Rs3.65tr. In USD terms, the market cap was recorded at $12.65 billion, compared to $12.9bn in the prior week. 

This week, the index return in USD terms was -1.99%, compared to 0.13% the previous week.

During the week, the State Bank of Pakistan (SBP) held its policy rate at 11%, which was in line with market expectations.

In addition, the Central Bank raised Rs916bn in its inaugural 22-day T-bill auction, narrowly beating the Rs900bn. 

May’s current account deficit narrowed to $103 million from $235m a year earlier, while foreign exchange reserves ticked up by $46m to $11.7bn. 

The positive economic cues helped stabilize investor sentiment, pushing the KSE-100 index’s fiscal year-to-date returns to 53%, while CYTD return stood at 4.25%. 

Top Index Movers

During the week, Power Generation & Distribution, Cement and Inv. Banks eroded -657.48, -446.20, and -246.41 points from the index.

On the flip side, Commercial Banks added 214.11 points to the index.

Among individual stocks, PKGP, LUCK, ENGROH, and FFC dented the index by -597.35, -232.07, -218.75, and -129.63 points.

Conversely, UBL, BAHL, and SYS added 96.13, 84.035, and 79.42 points, respectively.

FIPI/LIPI

This week, foreign investors were net buyers, acquiring $0.45 million in equities. Overseas Pakistanis led the charge with purchases of $1.92 million, followed by foreign corporates at $1.48 million.

Conversely, local investors were net sellers, disposing of $0.45 million in shares. Within that group, mutual funds sold down holdings by $9.93 million, while individual investors stepped in to buy $15.60 million worth of securities.

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