Weekly Market Roundup

October 31, 2026 (MLN): The benchmark KSE-100 Index closed the week ended October 30, 2026, at 166,409.25 points, gaining 4,034.37 points, or 2.48% week-on-week (WoW), from 162,374.88 points recorded on October 23, 2026.

The market recovered during the week as easing crude oil prices, supported by renewed diplomatic efforts to resolve the U.S.-Israeli conflict with Iran, eased concerns over prolonged supply disruptions and encouraged selective buying in heavyweight stocks.

However, profit-taking after four consecutive sessions of gains capped the advance, while concerns over potential attacks on Saudi Arabia's energy facilities and the impact of elevated oil prices on global demand kept investors cautious.

Market Capitalization

The Pakistan Stock Exchange's market capitalization increased to Rs4.660 trillion during the week, compared with Rs4.554tr on October 23, 2026, registering an increase of approximately Rs106.51bn, or 2.34% WoW.

In dollar terms, market capitalization rose from $16.449bn to $16.838bn, increasing by approximately $389.09 million, or 2.37% WoW.

The market's USD-adjusted return stood at 2.51%, compared with -2.40% in the previous week, indicating a recovery in dollar-denominated market performance.

On the macroeconomic front, the State Bank of Pakistan (SBP) raised Rs1.91tr through the Market Treasury Bills (MTBs) auction, accepting bids worth Rs1.67tr competitively and Rs244.40bn non-competitively, while cut-off yields increased across all four tenors, with the 12-month yield rising to 12.89%.

Consumer confidence in Pakistan fell 1.7 points to 34.9 in October 2026 from 36.6 in September, while inflation expectations rose to 73.2 points, and both current and expected economic conditions weakened, according to the State Bank of Pakistan (SBP).

The State Bank of Pakistan’s Monetary Policy Committee raised the policy rate by 50 basis points to 12% on October 26, 2026, citing rising inflationary pressures amid the Middle East conflict, while maintaining its FY27 GDP growth forecast at 3.5–4.5%.

The State Bank of Pakistan (SBP) purchased a net $863m from the interbank foreign exchange market in July 2026, up $22m from $841m in June, following net purchases of $8.1bn during FY26.

Index Movers

Sector-wise performance was predominantly positive, with Commercial Banks emerging as the largest contributor to the KSE-100 Index, adding 1,383.73 points, followed by Fertilizer at 854.09 points,

Cement at 425.54 points, Investment Banks / Investment Companies / Securities Companies at 369.30 points, and Oil & Gas Exploration Companies at 322.71 points.

Other major positive contributors included Power Generation & Distribution at 209.85 points, Automobile Assembler at 192.04 points, Oil & Gas Marketing Companies at 118.60 points, Textile Composite at 75.51 points, and Food & Personal Care Products at 70.63 points.

On the downside, Technology & Communication was the largest drag on the benchmark, erasing 75.11 points, followed by Miscellaneous at 40.59 points, Paper, Board & Packaging at 35.63 points, Chemical at 22.83 points, and Leather & Tanneries at 12.74 points.

Among individual stocks, FFC emerged as the largest positive contributor to the index, adding 698.73 points, followed by MCB at 353.75 points, ENGROH at 350.44 points, UBL at 326.46 points, and OGDC at 199.24 points.

Other notable positive contributors included BAHL at 189.33 points, HUBC at 184.52 points, NBP at 182.42 points, HBL at 173.35 points, and EFERT at 137.85 points.

On the downside, MEBL was the largest drag on the benchmark, erasing 92.41 points, followed by SYS at 49.66 points, PKGS at 35.63 points, LCI at 34.29 points, and PSEL at 31.63 points.

Other negative contributors included AGP at 22.62 points, INIL at 18.34 points, AIRLINK at 15.96 points, SRVI at 12.74 points, and GHGL at 11.97 points.

FIPI/LIPI

Foreign investors recorded net equity sales of $60.58m during the week, mainly driven by net selling of $63.48m by Foreign Corporates. Overseas Pakistanis recorded net purchases of $2.94m, while Foreign Individuals posted net sales of $37,462.

Local investors recorded net equity purchases of approximately $60.58m. Other Organizations led the buying with net purchases of $50.89m, followed by Individuals at $7.34m and Broker Proprietary Trading at $2.70m. Insurance Companies were net sellers of $4.01m, while Mutual Funds recorded net purchases of $1.25m.

In the debt market, Banks/DFIs recorded net purchases of $176.79m, while Mutual Funds posted the largest net sales at $201.94m. Insurance Companies recorded net purchases of $15.11m, followed by Companies at $10.17m.

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