Weekly Market Roundup

July 04, 2026 (MLN): The benchmark KSE-100 Index closed the week ended July 03, 2026 at 185,372.21 points, gaining 5,800.94 points, or 3.23% on a week-on-week basis from 179,571.27 points recorded on June 26, 2026.

Investor sentiment remained robust during the week, supported by improving macroeconomic expectations, sustained institutional buying, and growing optimism over Pakistan's economic outlook at the start of the new fiscal year.

Expectations of a stable interest rate environment, improving external account dynamics, and continued progress on structural reforms boosted risk appetite, while strong buying in heavyweight banking, fertilizer, and energy stocks helped drive the benchmark index to fresh record highs.

Market Capitalization

The Pakistan Stock Exchange's market capitalization increased by Rs165.56bn during the week, rising from Rs5.136tr on June 26 to Rs5.301tr on July 03.

In dollar terms, market capitalization climbed from $18.46bn to $19.06bn, registering an increase of approximately $600.67m over the week.

The market's USD-adjusted return remained unchanged at 0.38%, indicating that gains for foreign investors after accounting for currency movements were largely stable during the week.

On the macroeconomic front, Pakistan's trade deficit surged 63.76% MoM to $4.53bn in June 2026 as imports jumped and exports declined, according to PBS provisional data.

Pakistan's headline CPI inflation eased to 11.1% YoY in June 2026 from 11.7% in May, while prices declined 0.3% on a monthly basis, according to PBS data.

The State Bank of Pakistan (SBP) purchased a net $667m from the interbank foreign exchange market in March 2026, down from $933m in February, according to official data.

Index Movers

Sector-wise performance remained strongly positive during the week, with Commercial Banks contributing the highest 3,508.41 points to the KSE-100 Index, followed by Fertilizer (452.15 points),

Investment Banks/Investment Companies/Securities Companies (420.45 points), Oil & Gas Exploration Companies (338.72 points), Cement (305.42 points), Technology & Communication (193.63 points), Pharmaceuticals (170.21 points),

Property (85.09 points), Real Estate Investment Trust (83.17 points), Textile Composite (80.73 points), and Food & Personal Care Products (79.57 points).

On the downside, Leather & Tanneries shaved 111.34 points from the index, followed by Oil & Gas Marketing Companies (25.14 points), Automobile Parts & Accessories (24.23 points), Refinery (14.71 points), Miscellaneous (9.16 points), and Sugar & Allied Industries (1.91 points).

Among individual stocks, UBL emerged as the largest contributor to the index, adding 1,466.41 points, followed by MEBL (655.99 points), FFC (499.23 points), ENGROH (366.48 points), MCB (338.77 points),

HBL (242.28 points), MARI (226.36 points), BAHL (203.14 points), LUCK (190.09 points), and PTC (163.26 points).

Other notable positive contributors included BAFL (141.44 points), AKBL (126.18 points), NBP (126.08 points), OGDC (123.40 points), JVDC (85.09 points), HUBC (74.84 points), FABL (74.03 points), ILP (71.46 points), BOP (71.03 points), and BWCL (68.34 points).

Among the major laggards were SRVI (-111.34 points), EFERT (-60.72 points), KEL (-49.24 points), MTL (-48.34 points), SNGP (-39.03 points), POL (-28.13 points), THALL (-24.23 points), ATRL (-20.47 points), SYS (-16.07 points), and ATLH (-14.85 points).

FIPI/LIPI

Foreign investors remained net sellers during the week, recording net equity sales worth Rs900.93m ($3.24m).

The selling was primarily driven by Foreign Corporates, which posted net sales of Rs1.94bn ($6.98m). Foreign Individuals also remained net sellers with Rs5.03m ($18,084) worth of equity sales.

Partially offsetting the outflows, Overseas Pakistanis emerged as net buyers, purchasing equities worth Rs1.02bn ($3.66m).

On the local side, Mutual Funds emerged as the largest buyers, with net equity purchases of Rs6.53bn ($23.47m).

Companies also remained strong buyers with Rs1.82bn ($6.56m) worth of net purchases, followed by Broker Proprietary Trading with Rs306.28m ($1.10m) and NBFCs with Rs52.86m ($190,127).

The largest sellers were Insurance Companies, which offloaded equities worth Rs5.80bn ($20.85m).

Individuals recorded net selling of Rs1.33bn ($4.77m), followed by Banks/DFIs with Rs524.09m ($1.89m) and Other Organizations with Rs133.08m ($478,699).

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