Pakistan Market Wrap: KSE-100 closes at 182,340 down 1,789 points – By Alpha-Akseer Research

Feb 9 2026


Alpha Capital


  • The equity market began the session on a firm footing but failed to maintain momentum at higher levels. The KSE-100 Index remained volatile, trading within a range of 180,993 to an intraday high of 185,717, before settling at 182,340, reflecting a decline of 1,789 points. Total volumes on the main board reached 597.7 million shares, with an aggregate traded value of PKR 50.6 billion.
  • The downturn in the index was largely driven by OGDC (-3.5%, contributing -243 points), MEBL (-2.3%, -178 points), PPL (-2.9%, -173 points), UBL (-1.2%, -172 points), and LUCK (-2.4%, -166 points). On the activity front, KEL and BOP dominated trading volumes, recording 302 million and 53 million shares, respectively.
Askari Bank Limited (AKBL): 4QCY25 Result Review – By AKD Research

Feb 9 2026


AKD Securities


  • Askari Bank Limited (AKBL) announced its 4QCY25 financial results earlier today, wherein the bank posted NPAT of PkR4.8bn (EPS: PkR3.3) for the quarter, down 32% YoY/36%QoQ. The result is below our expectation due to higher provisioning and non markup expenses. In addition to the result, bank announced a final cash payout of PkR1.75/sh, taking full-year CY25 cash payout to PkR5.0/sh.
  • NII was recorded at PkR22.2bn in 4QCY25, up by 14%YoY/down by 3%QoQ, due to increase in asset book despite decline in yields.
Pakistan Market Wrap: The benchmark index closed on a negative note – By IIS Research

Feb 9 2026


Ismail Iqbal Securities


  • The benchmark index closed on a negative note, facing selling pressure from early morning. Although a slight recovery from the day’s low was observed toward the end of the session Trading volumes decreased to 598mn shares today as compared to 799mn shares in the previous session. Today, the KSE-100 index lost 1,789 points to close at 182,340 level, down by -0.97% DoD. Banks, E&Ps, and Cement sectors were the major laggards in today's session, cumulatively shedding 1499 points from the index.
Pakistan Market Wrap: Investor Caution Pulls KSE-100 Lower Amid E&P and Banking Pressure – By HMFS Research

Feb 9 2026


HMFS Research


  • The equity market traded in negative territory for the majority of today’s session after a brief green start. The KSE-100 index experienced a sharp intra-day decline of 3,137 points before gradually recovering to close at 182,340, down by 1,789 points from the previous session. The primary driver of today’s sell-off was Moody’s revision of the banking sector outlook from positive to stable, which weighed heavily on investor sentiment. Profit-taking was also observed in the E&P sector, contributing to the downward pressure.
  • Trading activity remained robust, with 598mn shares exchanged on the KSE100 index and 928mn shares traded across the broader market. Top volume contributors included KEL (302mn), BOP (53mn), and AGHA (47mn). Looking ahead, the market is expected to remain sensitive to international developments and geopolitical tensions. However, supportive macroeconomic indicators could help restore bullish momentum in the near term. Investors are advised to maintain vigilance, monitor evolving market conditions, and focus on fundamentally strong stocks with long-term growth potential.
Pakistan Market Wrap: KSE-100 closes at 182,340 down 1,789 points – By Alpha-Akseer Research

Feb 9 2026


Alpha Capital


  • The equity market began the session on a firm footing but failed to maintain momentum at higher levels. The KSE-100 Index remained volatile, trading within a range of 180,993 to an intraday high of 185,717, before settling at 182,340, reflecting a decline of 1,789 points. Total volumes on the main board reached 597.7 million shares, with an aggregate traded value of PKR 50.6 billion.
  • The downturn in the index was largely driven by OGDC (-3.5%, contributing -243 points), MEBL (-2.3%, -178 points), PPL (-2.9%, -173 points), UBL (-1.2%, -172 points), and LUCK (-2.4%, -166 points). On the activity front, KEL and BOP dominated trading volumes, recording 302 million and 53 million shares, respectively.
Meezan Bank Limited (MEBL): 4QCY25 Result Review – By Insight Research

Feb 9 2026


Insight Securities


  • Profit earned fell by ~7% YoY, amid falling yields, while same is up by 6% QoQ, possibly attributable to volumetric growth. To highlight, bank’s deposit inch up ~4% QoQ. Similarly, net spread earned inch up by ~3% QoQ.
  • Other income recorded a decline of 36%/27% YoY/QoQ. The YoY decline is attributable to absence of gain on securities during 4QCY25, compared to PKR3.2bn gain in SPLY. While QoQ decline is mainly attributable to loss of ~PKR500mn on FX income coupled with flattish fee income.
Meezan Bank Limited (MEBL): 4QCY25 Result Review – By Taurus Research

Feb 9 2026


Taurus Securities


  • 4QCY25 EPS: PKR 11.9. 4QCY25 PAT down 16%YoY. CY25 PAT down 11%YoY. Further, MEBL has also announced a final cash dividend of PKR 7.00/sh., taking the CY25 dividend payout to PKR 28.0/sh. – in-line with expectations.
  • Net Spread Earned (NSE): Down 12%YoY/Up 3%QoQ. Wherein, the sequential uptick can be attributed to higher yields on earning assets, and surge in OMO related borrowings leading to higher arbitrage gains overall.
Meezan Bank Limited (MEBL): Stable Sequential Performance, In Line with Expectations – By IIS Research

Feb 9 2026


Ismail Iqbal Securities


  • Meezan Bank Limited (MEBL) announced its 4QCY25 results, posting unconsolidated earnings of PKR 12.1/share, down 11% YoY while up by 4% QoQ. The result is inline with our expectations. The bank also declared final cash dividend of PKR 7/share, taking the cumulative CY25 payout to PKR 28/share.
  • Net Interest Income (NII) declined by 12% YoY while up by 3% QoQ, indicating that the major impact of asset repricing has already been incurred. Non markup income declined by 36% YoY and 27% on QoQ basis, due to absence of gain on sale of securities and loss on FX income while fee income remained flat on YoY/QoQ basis.
Pakistan Autos: Sales poised for strongest month in ~3.5 years – By JS Research

Feb 9 2026


JS Global Capital


  • We expect, the three major auto players including Indus Motor Company Ltd (INDU), Honda Atlas Cars Ltd (HCAR) and Pak Suzuki Motor Company Ltd to post a cumulative growth of 43% YoY to ~19.7k units in Jan-2026, taking volumes to their highest level since Jun-22.
  • On a MoM basis, volumes are expected to surge 82%, largely due to the January effect as consumers defer purchases in Dec-25 to buy the new year's model. In 7MFY26, volumes have grown 42% YoY, with broad-based recovery across all three players, led by HCAR and INDU at 68% and 61%, respectively.
Pakistan Market Wrap: The benchmark index closed on a negative note – By IIS Research

Feb 6 2026


Ismail Iqbal Securities


  • The benchmark index closed on a negative note, facing selling pressure from early morning. Although a slight recovery was observed by the end of the first session, the momentum weakened again following news of the Islamabad blast. Trading volumes increased to 799mn shares today as compared to 768mn shares in the previous session. Today, the KSE-100 index lost 3,703 points to close at 184,130 level, down by -1.97% DoD. Banks, E&Ps, and Fertilizer sectors were the major laggards in today's session, cumulatively shedding 2494 points from the index.
Pakistan Market Wrap: Evening Chronicle – By AHCML Research

Feb 6 2026


Al Habib Capital Markets


  • The benchmark KSE-100 Index witnessed a volatile session, touching an intraday high of 188,036 before closing at 184,310 down 3,703 points, or (-1.93% ) amid profit taking. The announcement of the Supreme Court case regarding NBP’s pension funds triggered selling pressure, as investors anticipated lower dividend payouts following potential cash outflows for pension fund payments. Furthermore, Barrick Gold’s board is reviewing all aspects of a gold and copper project in the Balochistan region due to security concerns, including capital allocation, as CEO Mark Hill stated during a post-earnings call. Additionally, the upcoming third IMF review at the end of the current month exerted pressure, reflecting concerns over slower progress on required economic reforms.
  • The uncertain geopolitical climate also dampened investor sentiment. Selling pressure was concentrated in Commercial Banks, Fertilizer, and Exploration & Production (E&P) stocks, due to a lack of fresh positive catalysts. High stakes Iran US negotiations over Tehran’s nuclear program commenced in Oman, with lingering disagreements raising fears of prolonged Middle East tensions. Major laggards such as NBP, FFC, PPL, UBL, and MEBL collectively dragged the index down by 1,573.11 points. On the volume front, K-Electric KEL led trading activity with 517.82 million shares, while the total market turnover stood at 1,266.28 million shares.
Pakistan Market Wrap: KSE-100 closes at 182,340 down 1,789 points – By Alpha-Akseer Research

Feb 9 2026


Alpha Capital


  • The equity market began the session on a firm footing but failed to maintain momentum at higher levels. The KSE-100 Index remained volatile, trading within a range of 180,993 to an intraday high of 185,717, before settling at 182,340, reflecting a decline of 1,789 points. Total volumes on the main board reached 597.7 million shares, with an aggregate traded value of PKR 50.6 billion.
  • The downturn in the index was largely driven by OGDC (-3.5%, contributing -243 points), MEBL (-2.3%, -178 points), PPL (-2.9%, -173 points), UBL (-1.2%, -172 points), and LUCK (-2.4%, -166 points). On the activity front, KEL and BOP dominated trading volumes, recording 302 million and 53 million shares, respectively.
Pakistan Market Wrap: KSE-100 closes at 184,130 down 3,703 points – By Alpha-Akseer Research

Feb 6 2026


Alpha Capital


  • The equity market opened on a subdued note and remained under pressure throughout the trading session. The KSE-100 Index fluctuated within a range of 183,547 to an intraday high of 188,036 before closing at 184,130, down 3,703 points. Total volumes on the main board stood at 798.2 million shares, with a total traded value of PKR 48.3 billion.
  • The decline in the index was primarily led by NBP (-8%, -396 points), FFC (-2.3%, -384 points), PPL (-5%, -313 points), UBL (-1.9%, -278 points), and MEBL (-2.6%, -202 points). In terms of activity, KEL and NBP led the volumes chart, with traded volumes of 517.8 million and 51.2 million shares, respectively.
Morning News: Pakistan, Kazakhstan agree to raise trade to USD 1bn – By Alpha-Akseer Research

Feb 6 2026


Alpha Capital


  • Pakistan and Kazakhstan on Wednesday agreed to strengthen bilateral trade, investment, and regional connectivity, with a goal of raising trade to USD 1bn within two years and advancing a multi-country transport corridor linking Central and South Asia.
  • In the first auction after a surprise status quo in the monetary policy, the cut-off yields on the treasury bills were increased on Wednesday by up to 39 basis points, bringing the returns close to the State Bank’s policy rate of 10.50 per cent.
Pakistan Market Wrap: KSE-100 closes at 185,058 up 883 points – By Alpha-Akseer Research

Feb 2 2026


Alpha Capital


  • The equity market commenced trading on a firm footing and sustained its positive momentum throughout the session. The KSE-100 Index fluctuated between 182,792 and an intraday high of 185,612, before closing at 185,058, registering a gain of 883 points. Total volumes on the main board stood at 213.8 million shares, translating into a turnover of PKR 28.5 billion.
  • Index gains were predominantly supported by UBL (1.7%, 248 points), ENGROH (2.5%, 214 points), SYS (3.2%, 147 points), FATIMA (7.9%, 144 points), and SAZEW (9.2%, 141 points). On the volume front, KEL and BOP remained in the spotlight, recording traded volumes of 37.9 million and 28.8 million shares, respectively.
Pakistan Market Wrap: KSE-100 closes at 184,174 up 1,836 points – By Alpha-Akseer Research

Jan 30 2026


Alpha Capital


  • The equity market opened on a positive note and maintained strong momentum throughout the session. The KSE-100 Index traded in a range of 182,347 to an intraday high of 186,620 before settling at 184,174, marking a gain of 1,836 points. Total traded volume on the main board amounted to 343.9 million shares, with a turnover of PKR 37.4 billion.
  • Index performance was largely driven by ENGROH (3.1%, 253 points), LUCK (3.6%, 249 points), UBL (1.7%, 235 points), MEBL (2.4%, 175 points), and MARI (2.6%, 146 points). In terms of volume, KEL and BOP led activity, posting volumes of 81.4 million and 28.3 million shares, respectively.
Pakistan Economy: Jan-26 Inflation Expected at 6.0% YoY – By Alpha-Akseer Research

Jan 30 2026


Alpha Capital


  • The National Consumer Price Index (NCPI) is projected to increase by 6.0% YoY in Jan-26. The monthly inflation is estimated at 0.54% MoM, primarily driven by higher food prices. Given the prevailing policy rate of 10.5%, the real interest rate is estimated at approximately 4.5%.
  • For FY26, average inflation is expected to settle at 6.5%. However, inflationary pressures are projected to intensify in the coming months with Jun-26 reading likely to peak in the 9-10% range, largely reflecting the base effect. As these effects fade, inflation is expected to converge towards the SBP’s medium-term target range of 5-7%.
Pakistan Market Wrap: KSE-100 closes at 182,338 down 6,042 points – By Alpha-Akseer Research

Jan 29 2026


Alpha Capital


  • The equity market opened in positive territory but failed to maintain momentum. The KSE-100 Index moved within a range of 181,961 to an intraday high of 188,923 before closing at 182,338, down 6,042 points. Total volumes on the main board stood at 407.1 million shares, with a traded value of PKR 51.9 billion.
  • Stocks that pushed the index down included FFC (-9.9%, -1,902 points), UBL (-2.8%, -413 points), ENGROH (-4.3%, -370 points), OGDC (-3.5%, -257 points), and HUBC (-2.8%, -214 points). On the volume side, KEL and BOP dominated trading activity, recording volumes of 104.2 million and 30.1 million shares, respectively.
Pakistan Market Wrap: KSE-100 closes at 188,203 down 385 points – By Alpha-Akseer Research

Jan 27 2026


Alpha Capital


  • The equity market opened on a strong footing but could not maintain momentum as profit-taking set in. The KSE-100 Index moved within a range of 187,538 to an intraday high of 189,521 before settling at 188,203, down 385 points. Total volumes on the main board stood at 341.6 million shares, with traded value amounting to PKR 40.2 billion.
  • Major contributors to the decline were ENGROH (-3.4%, -300 points), EFERT (-3.4%, -174 points), HUBC (-2.1%, -164 points), LUCK (-1.6%, -134 points), and MCB (-1.4%, -85 points). In terms of activity, KEL and BOP dominated volumes, recording traded volumes of 90.2 million and 36 million shares, respectively.
Pakistan Market Wrap: KSE-100 closes at 188,588 down 579 points – By Alpha-Akseer Research

Jan 26 2026


Alpha Capital


  • The equity market opened on a strong note but failed to sustain higher levels as profit taking emerged. The KSE-100 Index traded in a range of 188,268 to an intraday high of 191,033 before closing at 188,588, registering a decline of 579 points. Total volumes on the main board stood at 447.9 million shares, while the total traded value amounted to PKR 43.5 billion.
  • Major laggards included MEBL (-1.9%, -144 points), ENGROH (-1.4%, -127 points), PIOC (-9%, -112 points), FATIMA (-4.5%, -87 points), and LUCK (-1.2%, -85 points). On the volume front, KEL and PIBTL led activity, with traded volumes of 172.8 million and 29 million shares, respectively.
Morning News: LESCO to increase authorized capital by 300% to Rs200bn – By Alpha-Akseer Research

Jan 26 2026


Alpha Capital


  • The Lahore Electric Supply Company (LESCO) has decided to increase its authorized capital by 300pc to PKR 200bn from PKR 50bn.
  • The new calendar year began with record foreign investment in domestic bonds, as inflows into treasury bills during the first 16 days of January crossed USD 114mn.