Weekly Market Roundup

May 25, 2025 (MLN): Market participants adopted a cautious stance through smart trading strategies; however, the market remained sideways and volatile, as both buying and selling continued due to the upcoming Federal Budget for FY2025- 26 and the discussions on the IMF’s 11 conditions.

Accordingly, the Index lost 546.47 points or 0.46%, closing the session at 119,102.67 compared to the previous week’s close of 119,649.14.

Intraday swings were significant, with the index reaching a high of 120,699.17 (+1,596.50 points) and a low of 118,527.09 (-575.8 points).

Market cap

The KSE-100 market capitalization stood at Rs3.56 trillion, down 0.46% from the previous week’s Rs3.57tr. In USD terms, the market cap was recorded at $12.63 billion, compared to $12.70bn in the prior week.

This week, the index return in USD terms was -0.56%, compared to 11.655% the previous week.

On the economic front, foreign investors' repatriation of profit and dividends rose 108.63% YoY in 10MFY25 to $1.84 billion compared to $882.55m worth of repatriation in the same period last year.

The foreign exchange reserves held by the State Bank of Pakistan (SBP) surged by $1.04 billion or 10.03% WoW to $11.45bn during the week ended on May 16, 2025.

The sharp rise in reserves came after Pakistan received SDR 760 million, equivalent to approximately $1,023m from the IMF under the Extended Fund Facility (EFF) on May 13, 2025.

Automobile financing in Pakistan has increased by 11.72% to Rs257.36bn, compared to the same period last year when the figure for financing was reported at Rs235.69bn.

The positive economic cues helped stabilise investor sentiment, pushing the KSE-100 index’s fiscal year-to-date returns to 51.82%, while CYTD return stood at 3.45%.

Top Index Movers

During the week, Cement, Oil & Gas Exploration Companies, Fertilizer, and Automobile Assembler lost -339.22, -267.82, -222.62, and -55.06 points, respectively.

On the other hand, Inv. Banks, and Power Generation & Distribution added 184.11, and 60.05, respectively.

Among individual stocks LUCK, FFC, MARI, and MCB lost -257.91, -237.55, -211.09 and -131.34, respectively.

FIPI/LIPI

This week, foreign investors remained net sellers, offloading equities worth $0.33m.

Foreign Corporates led the selling spree worth $1.44m while Overseas Pakistanis bought equities worth $1.11m.

On the other hand, local investors were net buyers this week, purchasing equities worth $0.33m.

Individuals and Insurance Companies bought securities worth $13.08 and $7.54m, respectively, while Mutual Funds sold securities worth $10.11m.

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