Narrative Update • Jun 26
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Pakistani (KSE) Market Analysis & Valuation
UpdatedAug 17, 2026
DataAggregated Company Financials
Companies442
- 7D-0.6%
- 3M9.4%
- 1Y12.4%
- YTD-1.0%
The market has been flat in the last week, however the Information Technology sector is down 3.1%. Meanwhile, the market is actually up 12% over the past year. Looking forward, earnings are forecast to grow by 11% annually.
Market Valuation and Performance
Has the Pakistani Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 18 Aug 2026 | PK₨18.7t | PK₨21.9t | PK₨2.0t | 10.2x | 9.2x | 0.9x |
| Thu, 16 Jul 2026 | PK₨18.4t | PK₨21.7t | PK₨2.0t | 10.2x | 9.3x | 0.8x |
| Sat, 13 Jun 2026 | PK₨17.9t | PK₨21.7t | PK₨2.0t | 10.2x | 9x | 0.8x |
| Mon, 11 May 2026 | PK₨17.6t | PK₨21.5t | PK₨2.0t | 9.8x | 9x | 0.8x |
| Wed, 08 Apr 2026 | PK₨15.9t | PK₨21.0t | PK₨1.9t | 8.6x | 8.4x | 0.8x |
| Fri, 06 Mar 2026 | PK₨16.8t | PK₨21.0t | PK₨1.9t | 9.2x | 8.9x | 0.8x |
| Sun, 01 Feb 2026 | PK₨19.3t | PK₨21.1t | PK₨1.9t | 11.3x | 10.3x | 0.9x |
| Tue, 30 Dec 2025 | PK₨18.2t | PK₨21.6t | PK₨1.9t | 11.1x | 9.8x | 0.8x |
| Thu, 27 Nov 2025 | PK₨17.2t | PK₨21.7t | PK₨1.9t | 10.8x | 9.2x | 0.8x |
| Sat, 25 Oct 2025 | PK₨17.6t | PK₨22.1t | PK₨1.8t | 12.2x | 9.7x | 0.8x |
| Mon, 22 Sep 2025 | PK₨17.4t | PK₨21.5t | PK₨1.7t | 11.6x | 10.1x | 0.8x |
| Wed, 20 Aug 2025 | PK₨16.6t | PK₨21.5t | PK₨1.7t | 11.5x | 9.9x | 0.8x |
| Fri, 18 Jul 2025 | PK₨16.2t | PK₨21.3t | PK₨1.7t | 10.9x | 9.5x | 0.8x |
| Sun, 15 Jun 2025 | PK₨14.0t | PK₨21.3t | PK₨1.7t | 9.6x | 8.2x | 0.7x |
| Tue, 13 May 2025 | PK₨13.1t | PK₨20.6t | PK₨1.7t | 8.8x | 7.9x | 0.6x |
| Thu, 10 Apr 2025 | PK₨13.0t | PK₨21.2t | PK₨1.6t | 8.1x | 7.9x | 0.6x |
| Sat, 08 Mar 2025 | PK₨13.2t | PK₨21.1t | PK₨1.6t | 8.6x | 8x | 0.6x |
| Mon, 03 Feb 2025 | PK₨13.1t | PK₨21.1t | PK₨1.7t | 8.9x | 7.7x | 0.6x |
| Wed, 01 Jan 2025 | PK₨13.8t | PK₨21.7t | PK₨1.8t | 8.6x | 7.9x | 0.6x |
| Fri, 29 Nov 2024 | PK₨12.1t | PK₨22.2t | PK₨1.7t | 7.5x | 7x | 0.5x |
| Sun, 27 Oct 2024 | PK₨11.1t | PK₨22.2t | PK₨1.7t | 7.3x | 6.4x | 0.5x |
| Tue, 24 Sep 2024 | PK₨10.2t | PK₨22.1t | PK₨1.9t | 6.3x | 5.5x | 0.5x |
| Thu, 22 Aug 2024 | PK₨9.9t | PK₨21.8t | PK₨1.8t | 6.5x | 5.5x | 0.5x |
| Sat, 20 Jul 2024 | PK₨10.2t | PK₨21.6t | PK₨1.8t | 6.8x | 5.9x | 0.5x |
| Mon, 17 Jun 2024 | PK₨9.7t | PK₨21.6t | PK₨1.7t | 6.3x | 5.6x | 0.5x |
| Wed, 15 May 2024 | PK₨9.8t | PK₨21.6t | PK₨1.8t | 6.1x | 5.4x | 0.5x |
| Fri, 12 Apr 2024 | PK₨9.5t | PK₨21.2t | PK₨1.9t | 5.6x | 5.1x | 0.4x |
| Sun, 10 Mar 2024 | PK₨9.2t | PK₨20.9t | PK₨1.8t | 5.6x | 5.2x | 0.4x |
| Tue, 06 Feb 2024 | PK₨9.1t | PK₨20.3t | PK₨1.7t | 5.7x | 5.4x | 0.4x |
| Thu, 04 Jan 2024 | PK₨9.3t | PK₨20.2t | PK₨1.7t | 6.2x | 5.5x | 0.5x |
| Sat, 02 Dec 2023 | PK₨8.8t | PK₨20.0t | PK₨1.7t | 6.1x | 5.3x | 0.4x |
| Mon, 30 Oct 2023 | PK₨7.4t | PK₨19.4t | PK₨1.6t | 5.4x | 4.7x | 0.4x |
| Wed, 27 Sep 2023 | PK₨6.8t | PK₨19.3t | PK₨1.5t | 5.3x | 4.7x | 0.4x |
| Fri, 25 Aug 2023 | PK₨7.0t | PK₨19.2t | PK₨1.4t | 5.7x | 4.9x | 0.4x |
Price to Earnings Ratio
4.9x
Current Market PE
- Investors are optimistic on the Pakistani market, and appear confident in strong long term growth rates.
- The market is trading at a PE ratio of 9.2x which is higher than its 3-year average PE of 7.4x.
Past Earnings Growth
- The earnings for Pakistani listed companies have grown 13% per year over the last three years.
- Revenues for these companies have grown 4.4% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Sector Trends
Which sectors have driven the changes within the Pakistani Market?
| PK Market | -0.63% | |
| Consumer Discretionary | 0.98% | |
| Energy | -0.11% | |
| Real Estate | -0.40% | |
| Financials | -0.65% | |
| Materials | -0.90% | |
| Utilities | -0.97% | |
| Healthcare | -1.01% | |
| Telecom | -1.36% | |
| Industrials | -1.40% | |
| Consumer Staples | -1.46% | |
| Tech | -3.07% | |
Sector PE
- Investors favour the Telecom sector the most for future growth which is trading above its 3-year average PE ratio.
- It looks like investors are confident that earnings will grow faster in the future than they have historically.
- The Energy sector is the least preferred by investors for future growth. Although, investor sentiment seems to have improved given that it's trading above its 3-year average of 5.9x.
Forecasted Growth
- Analysts are most optimistic on the Consumer Discretionary sector, expecting annual earnings growth of 28% over the next 5 years.
- This is better than its past earnings growth rate of 23% per year.
- In contrast, the Utilities industry is expected to see its earnings growth to stay flat over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| PPL Pakistan Petroleum | PK₨239.04 | 4.2% +PK₨26.0b | 30.3% | PE8.2x | Energy | |
| PSO Pakistan State Oil | PK₨382.02 | 8.1% +PK₨13.4b | -5.2% | PE4.1x | Energy | |
| CNERGY Cnergyico PK | PK₨15.01 | 14.3% +PK₨10.3b | 113.5% | PE5.4x | Energy | |
| PRL Pakistan Refinery | PK₨84.40 | 20.4% +PK₨9.0b | 167.5% | PE3.4x | Energy | |
| JKSM J.K. Spinning Mills | PK₨374.85 | 25.8% +PK₨7.9b | 47.1% | PE32.9x | Consumer Discretionary |