Weekly Market Roundup

July 25, 2026 (MLN): The benchmark KSE-100 Index closed the week ended July 24, 2026 at 171,021.20 points, losing 4,781.59 points, or 2.72%, on a week-on-week basis from 175,802.79 points recorded on July 17, 2026.

Investor sentiment remained subdued during the week amid heightened geopolitical tensions in the Middle East and cautious positioning ahead of key catalysts.

Looking ahead, the trajectory of the U.S.-Iran conflict, oil price movements, and the SBP's July 27 MPC decision are expected to remain the key drivers of PSX sentiment.

Market Capitalization

The Pakistan Stock Exchange's market capitalization declined by Rs136.99bn during the week, falling from Rs5.003tr on July 17 to Rs4.866tr on July 24.

In dollar terms, market capitalization decreased from $18.00bn to $17.51bn, registering a decline of approximately $487.23m over the week.

The market's USD-adjusted return stood at -2.69%, compared with -3.50% in the previous week, reflecting the benchmark's decline after accounting for currency movements.

On the macroeconomic front, Pakistan's SPI inflation climbed 0.91% WoW and 9.66% YoY in the week ended July 23, led by higher food and fuel prices.

Pakistan's broad money supply (M3) rose to Rs50.52 trillion in June, up 3.93% MoM and 12.60% YoY.

Pakistan's SBP mobilized Rs768.40bn via the MTB auction, while 3-, 6-, and 12-month cut-off yields increased from the previous auction.

Pakistan's bank deposit rate fell to 4.05% in June 2026, while the banking spread widened to 7.99% as lending rates eased marginally.

Foreign investors repatriated $2.31bn in profits and dividends from Pakistan during FY26, up 3.87% YoY, led by the financial and power sectors.

Index Movers

Sector-wise performance remained broadly negative during the week, with Commercial Banks exerting the largest drag on the KSE-100 Index by 1,369.54 points, followed by Fertilizer (697.75 points), Cement (588.07 points), Oil & Gas Exploration Companies (585.33 points),

Investment Banks/Investment Companies/Securities Companies (275.17 points), Technology & Communication (260.21 points), Oil & Gas Marketing Companies (228.45 points), and Power Generation & Distribution (187.11 points).

Other sectors weighing on the benchmark included Automobile Assembler (159.68 points), Pharmaceuticals (137.31 points), Textile Composite (83.80 points), Glass & Ceramics (36.40 points), Chemical (35.80 points),

Property (34.13 points), Engineering (30.40 points), Miscellaneous (27.74 points), Food & Personal Care Products (21.05 points), Transport (18.36 points), Cable & Electrical Goods (17.49 points) and Tobacco (11.53 points).

Among individual stocks, ATRL emerged as the largest positive contributor to the index, adding 29.31 points, followed by CNERGY (23.17 points), NESTLE (21.51 points),

GHNI (6.99 points), AICL (6.57 points), MCB (4.67 points), BWCL (4.57 points), PIOC (4.41 points), TPLRF1 (4.36 points) and YOUW (1.39 points).

On the downside, UBL was the biggest drag on the benchmark, erasing 593.85 points, followed by FFC (512.86 points), HBL (255.47 points), ENGROH (246.28 points),

PPL (203.28 points), NBP (200.25 points), LUCK (194.91 points), OGDC (171.39 points), MARI (168.68 points) and SYS (163.91 points).

FIPI/LIPI

Foreign investors remained net buyers during the week, recording net equity purchases of Rs2.01bn ($7.23m).

The buying was primarily driven by Foreign Corporates, which accumulated equities worth Rs1.80bn ($6.48m). Overseas Pakistanis also remained net buyers, purchasing Rs207.39m ($746,014) worth of equities, while Foreign Individuals recorded a marginal net sale of Rs3.53m ($12,710).

On the local side, Individuals emerged as the largest buyers, with net equity purchases of Rs4.25bn ($15.29m).

Companies also remained net buyers with Rs1.62bn ($5.82m), followed by Insurance Companies with Rs1.20bn ($4.32m) and NBFCs with Rs94.37m ($339,453).

The largest sellers were Mutual Funds, which offloaded equities worth Rs4.83bn ($17.38m).

Banks/DFIs recorded net selling of Rs3.77bn ($13.56m), followed by Broker Proprietary Trading with Rs445.15m ($1.60m) and Other Organizations with Rs124.42m ($447,558).

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