Weekly Market Roundup

September 21, 2025 (MLN): The good luck charm for Pakistan equities has not ended, it seems; it just started as the KSE-100 Index closed the week at a whopping 158,037 points, a gain of 3,598 points, or a respectable 2.33% week-over-week.

The news of the Saudi-Pakistan defense pact, have given investors a much-needed confidence boost. It is like the market is now cruising on newfound optimism.

Market cap

The KSE-100 market capitalization stood at Rs4.67 trillion, up 2.13% from the previous week’s Rs4.58tr.

This week, the index return in USD terms was 2.36%, compared to 0.14% the previous week.

On the economic front, the State Bank of Pakistan (SBP) decided to hold steady, keeping the policy rate at 11%, keeping a close eye on the recent floods and their potential impact on the economy.

The current account deficit is getting smaller, which is always a good sign. It came in at a manageable $245 million in August, a significant improvement from the $379m in July.

The industrial sector is showing some serious muscle. Large Scale Manufacturing Industries (LSMI) saw a solid 8.99% increase YoY in July, and a 2.6% jump MoM. This is great news, as it shows that Pakistan's factories are humming along and churning out goods.

During the week, SBP raised Rs201.9 billion in the T-Bill auction, blowing past its target of Rs175bn. This shows that investors are keen on lending to the government.

The local currency appreciated slightly by 0.03% and closed at 281.46 against the US Dollar. 

Top Index Movers

During the week, Cement, Commercial Banks, and Technology & Communication contributed 553.05, 517.03, and 507.81 points, respectively, to the index.

Among individual stocks, HUBC, BOP, and LUCK gained 442.39, 394.15, and 264.34points, respectively.

FIPI/LIPI

This week, Foreign Investors remained net sellers, selling equities worth $20.84m.

Foreign Corporates led the selling spree worth $15.65m.

On the other hand, local Investors were net buyers this week, purchasing equities worth $20.84m.

Mutual Funds bought maximum securities worth $17.71m while Insurance Companies and Individuals bought $6.29m, and $4.07m respectively.

On the other hand, Banks and Other organizations sold securities worth $8.15m and $3.67m, respectively.

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