Weekly Market Roundup

August 03, 2025 (MLN): The market started the week in a range-bound manner as investors awaited June quarter results but regained positive momentum later on renewed interest driven by news of a potential trade deal with the US.

Consecutively, the bench mark KSE 100 index gained 1,827.7 points or 1.31%, closing the session at 141,034.98 compared to the previous week’s close of 139,207.28.

Intraday swings were significant, with the index reaching a high of 141,160.93 (+125.95 points) and a low of 137,636.37 (-3,398.61 points).

Market cap

The KSE-100 market capitalization stood at Rs4.21 trillion, up 1.3% from the previous week’s Rs4.16tr. In USD terms, the market cap was recorded at $14.92 billion, compared to $14.68bn in the prior week.

This week, the index return in USD terms was 1.57%, compared to 0.94% the previous week, with the market also marking its all-time high during the week.

On the economic front, the State Bank of Pakistan (SBP) made a net FX purchase of $473m in April 2025, bringing FY25 total interventions to $6.66bn.

SBP held policy rate at 11% in August 2025, defying market expectations.

Pakistan’s consumer confidence index fell to 40.1 in July 2025, down from 42.1 in June.

Moreover, Pakistan’s business confidence index dropped to 55.5 in July 2025, down 1.2 points from the previous survey.

KIBOR spiked across all tenors after SBP unexpectedly held policy rate at 11% in August 2025.

Pakistan’s forex reserves dropped by $310.5m to $19.61bn on July 25, 2025 as SBP’s holdings declined by $152.7m.

Pakistan faces $30.18bn in expected FX outflows over the next 12 months, including $2.12bn due within one month.

Furthermore, Pakistan’s weekly inflation dropped 0.35% WoW but rose 1.98% YoY.

Pakistan’s inflation climbed to 4.1% in July 2025, up from 3.2% in June and down from 11.1% in July 2024.

Top Index Movers

During the week, Oil & Gas Exploration Companies, Technology & Communication and Oil & Gas Marketing Companies contributed 1,221.92, 423.36, and 323.6 points to the index.

On the flip side, Inv. Banks / Inv. Cos. / Securities Cos., Fertilizer and Leather & Tanneries dented the index by -284.55, -262.67 and -45.99 points, respectively.

Among individual stocks, OGDC added 641.96 points to the index while SYS, PPL, and PSO contributed to the index by 430.53, 323.7862, and 255.4, respectively.

Conversely, ENGROH, EFERT, and FFC eroded -264.13, -191.06, and -127.33 points, respectively.

FIPI/LIPI

This week, foreign investors remained net sellers, offloading equities worth $4.4m.

Foreign Corporates led the selling spree worth $7.02m, while Overseas Pakistani led the buying worth $2.5m.

On the other hand, local investors were net buyers this week, purchasing equities worth $4.4m.

Mutual Funds and Individuals bought securities worth $10.86m and $1.19m, respectively, while Banks/DFI sold securities worth $5.03m.

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