Weekly Market Roundup

May 29, 2026 (MLN): Pakistan’s equity market extended its upward momentum during the week ended May 29, 2026, with the benchmark KSE-100 Index closing at 173,962.82, compared to 167,844.25 recorded on May 22, 2026.

The index surged by 6,118.57 points, translating into a 3.65% week-on-week (WoW) gain, supported by improving investor confidence amid easing geopolitical concerns, as hopes for a positive outcome in the ongoing US-Iran talks weighed on global oil prices and boosted risk appetite across the market.

Market Capitalization

Total market capitalization increased sharply in line with the benchmark index performance. As of May 29, 2026, market capitalization stood at Rs4.976 trillion, compared to Rs4.801tr on May 22, 2026, marking an increase of Rs175.03bn or 3.65% WoW.

In USD terms, market capitalization rose to $17.87bn from $17.24bn in the previous week, reflecting a gain of $629.8m amid rising equity valuations and positive investor sentiment.

Dollar-adjusted returns remained firmly positive, clocking in at 3.65% WoW, compared to 1.39% in the prior week, indicating stronger investor returns in both local and foreign currency terms.

On the macroeconomic front, Pakistan’s foreign exchange reserves rose by $58m WoW to $22.65bn as of May 22, 2026, driven by a $66m increase in SBP-held reserves, which reached $17.15bn.

Index Movers

Sector-wise, the rally was broad-based and led by index-heavy sectors.

Commercial banks emerged as the largest positive contributor to the benchmark index, adding 1,654.01 points amid strong buying in major banking names. Fertilizer stocks contributed 1,084.28 points, while cement companies added 1,001.53 points during the week.

Investment banks, investment companies and securities companies contributed 576.35 points to the index, followed by oil & gas exploration companies (+452.73 points), power generation & distribution (+215.04 points),

Automobile assemblers (+212.37 points), technology & communication (+207.52 points), pharmaceuticals (+110.57 points), and oil & gas marketing companies (+101.71 points).

Other positive contributors included textile composite (+85.33 points), leather & tanneries (+64.80 points), glass & ceramics (+62.81 points), cable & electrical goods (+41.20 points), automobile parts & accessories (+38.06 points), chemical (+36.68 points), food & personal care products (+34.00 points),

Insurance (+26.53 points), paper, board & packaging (+22.26 points), transport (+21.92 points), engineering (+15.30 points), miscellaneous (+14.10 points), property (+12.98 points), real estate investment trust (+7.67 points), sugar & allied industries (+5.70 points),

Textile spinning (+5.13 points), tobacco (+4.41 points), modarabas (+3.19 points), synthetic & rayon (+2.68 points), close-end mutual funds (+0.65 points), vanaspati & allied industries (+0.51 points), woollen (+0.21 points), textile weaving (+0.20 points), and leasing companies (+0.11 points).

Refinery was the only sector to close in the red during the week, trimming 3.93 points from the benchmark index.

The upside was dominated by heavyweight fertilizer, banking, cement, and energy stocks.

Fauji Fertilizer Company emerged as the largest positive contributor, lifting the index by 892.83 points, followed by Engro Holdings (+549.28 points), Lucky Cement (+480.89 points), Habib Bank Limited (+356.28 points),

Bank AL Habib (+316.16 points), Mari Petroleum (+217.49 points), Meezan Bank (+217.31 points), HUBCO (+198.61 points), National Bank of Pakistan (+155.82 points), Oil & Gas Development Company (+153.81 points), and United Bank Limited (+143.39 points).

Other major gainers included DG Khan Cement (+131.18 points), Fauji Cement (+130.85 points), Engro Fertilizers (+129.81 points), MCB Bank (+119.91 points), Maple Leaf Cement (+118.65 points),

Bank Alfalah (+111.65 points), Pakistan Telecommunication Company (+110.75 points), Askari Bank (+104.42 points), TRG Pakistan (+80.55 points), Pakistan State Oil (+74.92 points),

Millat Tractors (+72.59 points), Service Industries (+64.80 points), Kohat Cement (+62.59 points), Pakistan Petroleum Limited (+53.12 points),

Fatima Fertilizer (+51.31 points), Sazgar Engineering Works (+44.77 points), GlaxoSmithKline Pakistan (+43.37 points), and Bank of Punjab (+42.99 points).

Additional positive contributions came from TGL, Pak Elektron, Cherat Cement, Thal Limited, Kohat Textile, Nishat Mills, Habib Metropolitan Bank, Attock Petroleum, Pakistan Stock Exchange,

Lotte Chemical Pakistan, Adamjee Insurance, POWER Cement, Indus Motor Company, Packages Limited, Pakistan International Bulk Terminal, Ghani Glass,

Honda Atlas Cars, Searle Company, Sui Southern Gas Company, Abbott Laboratories Pakistan, International Industries, Haleon Pakistan, Air Link Communication,

Hum Network, Bestway Cement, National Foods, Murree Brewery, Fauji Foods, JDW Sugar Mills, AGP Limited and several other stocks.

On the downside, losses remained limited and concentrated in a handful of stocks.

Colgate-Palmolive Pakistan emerged as the largest negative contributor, dragging the index by 7.76 points, followed by Systems Limited (-3.71 points),

Service Corporation Pakistan (-3.05 points), Shaffaaf Energy (-2.66 points), Attock Refinery (-2.01 points), Cnergyico PK (-1.92 points), Attock Petroleum (-1.63 points), and GlaxoSmithKline Consumer Healthcare (-0.88 points).

FIPI/LIPI

Foreign investors turned net sellers during the week, with total net foreign selling in the equity segment standing at Rs710.70m ($2.56m).

Within foreign flows, overseas Pakistanis recorded the heaviest net selling at Rs546.00m ($1.96m), followed by foreign corporates with net selling of Rs164.72m ($592,529).

Foreign individuals remained marginal net buyers at Rs22,211 ($80).

On the local side, insurance companies emerged as the largest net buyers with inflows of Rs2.76bn, followed by mutual funds at Rs1.20bn, other organizations at Rs583.94m, NBFCs at Rs166.97m, and companies at Rs304.49m.

Meanwhile, individuals remained the largest net sellers, offloading equities worth Rs3.79bn, followed by banks/DFIs with net selling of Rs901.78m.

Broker proprietary trading also remained a net buyer, recording inflows of Rs395.22m during the week.

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