Weekly Market Roundup

April 11, 2026 (MLN): Pakistan’s equity market staged a strong rebound after weeks of persistent decline, as the benchmark KSE-100 Index closed at 167,191.38 on 10 April 2026, up sharply from 150,398.71 recorded on 3 April 2026.

The index gained 16,792.67 points, translating into an 11.17% week-on-week (WoW) increase.

Investor sentiment was strongly lifted by Pakistan-facilitated peace talks between the United States and Iran, which eased regional geopolitical tensions and reduced risk premiums across emerging markets, driving broad-based buying activity in the local equity market.

Market Capitalization

Total market capitalization witnessed a significant increase in line with the sharp recovery in the benchmark index. On 10 April 2026, market cap surged to Rs4.863 trillion, compared to Rs4.376tr on 3 April 2026, reflecting a substantial gain of Rs487.09bn or 11.13% WoW.

In USD terms, market capitalization rose to $17.43bn from $15.68bn in the previous week, indicating improved foreign investor confidence alongside currency stability.

Dollar-adjusted returns improved significantly, moving from -0.8376% to +11.2019% WoW, reflecting a strong recovery both in local currency and dollar terms.

On the macroeconomic front, National Savings inflows slowed in February 2026, with net mobilisation dropping 23% MoM to Rs20.69bn amid weaker contributions across key schemes.

Despite the dip, cumulative FY26 inflows remain strong at Rs203.8bn, highlighting a sustained recovery from the heavy outflows of previous years.

Workers’ remittances rose 16.5% MoM to $3.83bn in March 2026, led by strong inflows from Saudi Arabia, though remaining 5% lower on a yearly basis.

Central government debt rose 9.4% YoY to Rs79.88tr in February 2026, driven by increased domestic and external borrowing to finance the fiscal deficit.

Index Movers

Sector-wise, commercial banks emerged as the largest positive contributor, adding 4,613.06 points to the benchmark, driven by strong gains in major banking stocks amid attractive valuations and earnings expectations.

Cement followed as the second-largest contributor, adding 2,479.71 points, supported by improved sentiment on construction activity and declining input cost expectations.

Fertilizer added 2,091.60 points, while oil & gas exploration companies contributed 1,633.75 points, benefiting from stable energy prices and strong earnings outlook.

Investment banks, investment companies, and securities companies added 970.72 points, while technology & communication (+851.58 points) and power generation & distribution (+801.18 points) also provided notable support.

Other key contributors included automobile assemblers (+596.31 points), pharmaceuticals (+534.66 points), oil & gas marketing companies (+452.32 points), textile composite (+313.33 points), and food & personal care products (+237.13 points), showing broad-based participation across sectors.

Even smaller sectors such as insurance, engineering, cable & electrical goods, and transport posted gains, highlighting the strength of the rally. Leasing companies remained the only marginal laggard.

At the individual stock level, FFC led the gains, contributing 1,509.15 points, followed by UBL (+1,011.63 points) and LUCK (+975.65 points).

Other major contributors included ENGROH (+886.60 points), HBL (+833.64 points), OGDC (+649.60 points), HUBC (+633.20 points), MCB (+628.90 points), and PPL (+538.05 points).

Technology and energy stocks also remained strong, with SYS (+512.34 points) and MARI (+372.37 points) adding to the upside.

Additional support came from MEBL, NBP, BAHL, EFERT, MLCF, FCCL, DGKC, BOP, PSO, AKBL, BAFL, HMB, and SNGP among others, indicating widespread participation from index-heavy stocks.

FIPI / LIPI

Foreign investment flows remained negative despite the market rally. Under Foreign Institutional Portfolio Investment (FIPI), foreign investors were net sellers with an outflow of Rs1.22bn ($4.40m).

The bulk of the selling came from foreign corporates, which offloaded Rs1.92bn, while overseas Pakistanis provided partial support with net buying of Rs703.31m. Foreign individuals remained marginal sellers.

On the domestic side, Local Portfolio Investment (LIPI) absorbed the foreign outflows, resulting in a matching net inflow of Rs1.22bn ($4.40m).

Among local participants, mutual funds emerged as the largest buyers with net purchases of Rs15.02bn, playing a key role in driving the market rally.

On the other hand, banks & DFIs (-Rs8.04bn), insurance companies (-Rs3.30bn), broker proprietary trading (-Rs1.25bn), and individuals (-Rs912.15m) remained net sellers.

In the debt market, banks & DFIs showed strong participation with net inflows, while mutual funds recorded outflows.

Copyright Mettis Link News