Market participation declined by 24.5%WoW with average daily
trading slipping to 1.2 billion shares, from 1.6 billion shares in the prior
week.
On the macroeconomic front, LSM index increased by 10.4%YoY
in November 2025 while posting growth of 6%YoY during 5MFY26.
In the latest PIB auction, yields declined on all the
tenors.
Fertilizer sector marked the highest ever annual urea sales
in CY25.
Auto sales reported at 17,000 units in December 2025, down
6%YoY.
Foreign exchange reserves held by State Bank of Pakistan (SBP)
increased by US$16 million to US$16.1 billion as of January 09, 2025.
PKR appreciated against the greenback during the week to
279.95 PKR/ US$.
Other major news flow during the week included: 1) Turkey
confirms talks on defence pact with Pakistan and Saudi Arabia, 2) Petrol,
diesel prices to remain unchanged for next fortnight due to the increase in
Petroleum Levy, 3) Pakistan announces plan to develop Port Qasim into
climate-resilient industrial complex 4) Pakistan, Saudi Arabia eye joint mining
investments at Future Minerals Forum, and 5) Government announces plan 6,000
acre Export Processing Zone on Pakistan Steel Mills land.
Transport, Paper & Board, Oil & Gas Exploration
Companies, Property, Automobile Parts & Accessories were amongst the top
performers, while Synthetic & Rayon, Jute, Miscellaneous, Textile Weaving,
and Textile Spinning were amongst the laggards.
During the week, major buying was recorded by Individuals
and Mutual Funds with a net buy of US$16.1 million and US$12.8 million,
respectively. Banks and Insurance Companies were major sellers with net sell of
US$23.5 million and US$15.8 million, respectively.
Top performing scrips of the week were: ATLH, AKBL, LOTHCEM,
OGDC, and JVDC, while laggards included IBFL, SAZEW, AICL, PABC, and YOUW.
AKD Securities foresees the positive momentum at PSX to
continue due to further monetary easing driven by improving external account
position and continuous focus on reforms amid political stability.
The brokerage house forecast the benchmark Index to reach
263,800 by end December 2026.
Investors’ sentiments are expected to improve on the
likelihood of foreign portfolio and direct investment flows, driven by improved
relations with the United States and Saudi Arabia.
Top picks of the brokerage house include: OGDC, PPL, UBL,
MEBL, HBL, FFC, ENGROH, PSO, LUCK, FCCL, INDU, ILP and SYS.
