Weekly Market Roundup

September 28, 2025 (MLN): The bulls came out in full force this week as the KSE-100 Index roared to 162,257 points, climbing 4,220 points (+2.67% WoW).

Investor sentiment was buoyed by multiple tailwinds, including the PM’s high-profile meeting with the U.S. President in Washington and the much-awaited power circular debt resolution deal unlocked a massive Rs1.225trn bank loan.

Market cap

The KSE-100 market capitalization stood at Rs4.8 trillion, up 2.64% from the previous week’s Rs4.67tr.

This week, the index return in USD terms was 2.7%, compared to 2.36% the previous week.

During the week, the Prime Minister sat-down with the U.S. President at the White House that added weight to Pakistan’s global standing, following MoUs with big-name mining and infrastructure players on critical minerals.

Adding fuel to the fire, the government finally inked the long-awaited circular debt resolution agreement, securing a Rs1.225trn loan from banks on favorable terms.

With circular debt trimming down to Rs1.6trn (from Rs2.3trn a year ago), the power sector narrative took a bullish turn.

Meanwhile, Pakistan's Forex Reserves increased by $57.6m or 0.29% and the total liquid foreign reserves held by the country stood at $19,793.3m on Sep 19, 2025.

The total money supply circulating within the economy till August 2025 has been recorded at Rs44.66 trillion, according to provisional accounts on Monetary Aggregates for the month, maintained by the State Bank of Pakistan (SBP).

Top Index Movers

During the week, Oil & Gas Exploration Companies, Commercial Banks, and Power Generation & Distribution contributed 1,084.36, 954.76, and 888.12 points, respectively, to the index.

Among individual stocks, HUBC, MARI, and ENGROH gained 802.29, 538.89, and 438.46 points, respectively.

FIPI/LIPI

This week, Foreign Investors remained net sellers, selling equities worth $13.65m.

Foreign Corporates led the selling spree worth $10.68m.

On the other hand, local Investors were net buyers this week, purchasing equities worth $13.65m.

Mutual Funds bought maximum securities worth $35.64m while Individuals bought $6.65m worth of securities.

On the other hand, Banks and Companies sold securities worth $15.77m and $7.96m, respectively.

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