Market participation strengthened by 35.7%WoW with average
daily traded volume rising to 1.3 billion shares, as compared to 0.9 billion
shares in the prior week.
On the macroeconomic front, current account reported a
deficit of US$112 million during October 2025, as compared to a surplus of
US$296 million during the same period last year.
IT exports for the
month of October 2025 were reported at US$386 million, up 17%YoY, marking the
highest-ever monthly level.
Foreign exchange reserves held by State Bank of Pakistan (SBP)
held FX reserves increased by US$27 million to US$14.6 billion as of November
14, 2025.
AKD Securities foresees the momentum in the KSE-100 to
continue given successful IMF Executive Board approval of the IMF’s second
review, minimal flood impact and improved credit ratings by global agencies
amid falling fixed income yields.
Investors’ sentiments are expected to further improve on the
likelihood of foreign portfolio and direct investment flows, driven by improved
relations with the US and Saudi Arabia.
This outlook is supported by the lack of alternative
investment avenues and the attractive valuation of local equities, with the
KSE-100 index trading at a multiple of 7.6x offering a dividend yield of 6.8%.
The top picks of AKD Securities include MEBL, MCB, HBL,
OGDC, PPL, PSO, FFC, ENGROH, LUCK, DGKC, FCCL, and INDU.
