Karachi, November 15, 2025 — The KSE-100 index at the Pakistan Stock Exchange (PSX) recorded a weekly gain of 2,342 points, closing at 161,935.19, despite ongoing regional geopolitical tensions.
Analysts at Arif Habib Limited noted that the market’s upward momentum was driven by sector-specific developments. Fertilizer stocks surged after the Economic Coordination Committee (ECC) approved switching from costly RLNG to domestic Mari gas, expected to stabilize urea prices and reduce subsidy pressures. Cement stocks also rallied amid investor confidence fueled by potential merger and acquisition activity.
In financial markets, the government raised PKR 492.9 billion in the latest T-bill auction against a target of PKR 550 billion, with participation totaling PKR 1,621.7 billion. Yields fell for short-term tenors, while longer-term rates remained stable.
Pakistan’s RDA gross inflows reached USD 11,313 million as of October 2025, with USD 1,903 million repatriated and USD 7,263 million utilized locally. Net repatriable liability stood at USD 2,148 million.
The automotive sector saw strong growth in October, with sales increasing 32% year-on-year to 17.3K units, while cumulative sales in the first four months of FY26 rose 46% YoY. Net metering adoption also improved, with its share in total generation increasing 57 basis points YoY in September, reflecting growing solar usage.
The State Bank of Pakistan’s foreign exchange reserves rose by USD 21.8 million to USD 14.5 billion, and the PKR remained stable against the USD at 280.723.
Outlook: Analysts say upcoming data on the current account and FDI, along with positive geopolitical developments, could drive further market gains. The KSE-100 Index currently trades at a PER of 8.18x with a dividend yield of around 6%, making it attractive for investors.