Narrative Update • Jul 21
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Pakistani (KSE) Market Analysis & Valuation
UpdatedJul 25, 2026
DataAggregated Company Financials
Companies443
- 7D-2.5%
- 3M0.5%
- 1Y14.2%
- YTD-5.1%
Over the last 7 days, the market has dropped 3.4%, driven by pullbacks in every sector, especially the Materials sector. In the last year, the market is actually up 15%. Looking forward, earnings are forecast to grow by 12% 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 |
|---|---|---|---|---|---|---|
| Sat, 25 Jul 2026 | PK₨17.9t | PK₨21.7t | PK₨2.0t | 9.7x | 9.1x | 0.8x |
| Mon, 22 Jun 2026 | PK₨18.7t | PK₨21.7t | PK₨2.0t | 10.7x | 9.4x | 0.9x |
| Wed, 20 May 2026 | PK₨16.8t | PK₨21.5t | PK₨2.0t | 9.2x | 8.5x | 0.8x |
| Fri, 17 Apr 2026 | PK₨17.6t | PK₨21.2t | PK₨1.9t | 9.8x | 9.3x | 0.8x |
| Sun, 15 Mar 2026 | PK₨16.2t | PK₨21.0t | PK₨1.9t | 9.1x | 8.7x | 0.8x |
| Tue, 10 Feb 2026 | PK₨19.1t | PK₨21.1t | PK₨1.9t | 11.2x | 10.2x | 0.9x |
| Thu, 08 Jan 2026 | PK₨19.3t | PK₨21.0t | PK₨1.9t | 11.5x | 10.3x | 0.9x |
| Sat, 06 Dec 2025 | PK₨17.7t | PK₨21.6t | PK₨1.9t | 11.4x | 9.5x | 0.8x |
| Mon, 03 Nov 2025 | PK₨17.3t | PK₨22.2t | PK₨1.9t | 10.9x | 9.2x | 0.8x |
| Wed, 01 Oct 2025 | PK₨18.0t | PK₨22.1t | PK₨1.8t | 12.2x | 10.2x | 0.8x |
| Fri, 29 Aug 2025 | PK₨16.3t | PK₨21.4t | PK₨1.7t | 11.3x | 9.8x | 0.8x |
| Sun, 27 Jul 2025 | PK₨15.6t | PK₨21.3t | PK₨1.7t | 11.1x | 9.1x | 0.7x |
| Tue, 24 Jun 2025 | PK₨13.3t | PK₨21.3t | PK₨1.7t | 8.5x | 7.8x | 0.6x |
| Thu, 22 May 2025 | PK₨13.5t | PK₨20.6t | PK₨1.7t | 8.6x | 8.1x | 0.7x |
| Sat, 19 Apr 2025 | PK₨13.3t | PK₨21.2t | PK₨1.6t | 8.4x | 8.1x | 0.6x |
| Mon, 17 Mar 2025 | PK₨13.3t | PK₨21.1t | PK₨1.6t | 8.4x | 8.1x | 0.6x |
| Wed, 12 Feb 2025 | PK₨13.0t | PK₨21.1t | PK₨1.7t | 8.6x | 7.7x | 0.6x |
| Fri, 10 Jan 2025 | PK₨13.2t | PK₨21.4t | PK₨1.7t | 8.7x | 7.7x | 0.6x |
| Sun, 08 Dec 2024 | PK₨13.1t | PK₨22.2t | PK₨1.7t | 8.3x | 7.6x | 0.6x |
| Tue, 05 Nov 2024 | PK₨11.2t | PK₨22.0t | PK₨1.7t | 7.2x | 6.5x | 0.5x |
| Thu, 03 Oct 2024 | PK₨10.2t | PK₨22.2t | PK₨1.8t | 6.2x | 5.6x | 0.5x |
| Sat, 31 Aug 2024 | PK₨10.0t | PK₨21.9t | PK₨1.8t | 6.7x | 5.4x | 0.5x |
| Mon, 29 Jul 2024 | PK₨9.8t | PK₨21.6t | PK₨1.8t | 6.6x | 5.6x | 0.5x |
| Wed, 26 Jun 2024 | PK₨9.8t | PK₨21.6t | PK₨1.7t | 6.3x | 5.6x | 0.5x |
| Fri, 24 May 2024 | PK₨9.9t | PK₨21.6t | PK₨1.8t | 5.8x | 5.5x | 0.5x |
| Sun, 21 Apr 2024 | PK₨9.6t | PK₨21.2t | PK₨1.9t | 5.5x | 5.2x | 0.5x |
| Tue, 19 Mar 2024 | PK₨9.0t | PK₨20.9t | PK₨1.8t | 5.6x | 5x | 0.4x |
| Thu, 15 Feb 2024 | PK₨8.9t | PK₨20.4t | PK₨1.7t | 5.6x | 5.2x | 0.4x |
| Sat, 13 Jan 2024 | PK₨9.3t | PK₨20.3t | PK₨1.7t | 6x | 5.6x | 0.5x |
| Mon, 11 Dec 2023 | PK₨9.4t | PK₨20.2t | PK₨1.7t | 6.3x | 5.6x | 0.5x |
| Wed, 08 Nov 2023 | PK₨7.7t | PK₨19.9t | PK₨1.7t | 5.1x | 4.6x | 0.4x |
| Fri, 06 Oct 2023 | PK₨6.9t | PK₨19.2t | PK₨1.5t | 5.4x | 4.7x | 0.4x |
| Sun, 03 Sep 2023 | PK₨6.7t | PK₨19.3t | PK₨1.5t | 5.2x | 4.6x | 0.3x |
| Tue, 01 Aug 2023 | PK₨7.2t | PK₨19.2t | PK₨1.4t | 5.9x | 5.2x | 0.4x |
Price to Earnings Ratio
5.2x
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 9.1x which is higher than its 3-year average PE of 7.3x.
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 4.2% 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 | -2.46% | |
| Financials | -1.70% | |
| Consumer Staples | -1.82% | |
| Real Estate | -2.20% | |
| Energy | -2.33% | |
| Consumer Discretionary | -2.43% | |
| Healthcare | -2.95% | |
| Industrials | -3.03% | |
| Materials | -3.22% | |
| Utilities | -3.35% | |
| Telecom | -3.78% | |
| Tech | -4.03% | |
Sector PE
- Investors favour the Consumer Staples sector the most for future growth, which is trading close to its 3-year average PE ratio of 17.3x.
- It looks like investors are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the Consumer Discretionary sector, expecting annual earnings growth of 27% over the next 5 years.
- This is better than its past earnings growth rate of 19% per year.
- In contrast, the Utilities sector is expected to see its earnings grow by 4.6% per year 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 | |
|---|---|---|---|---|---|---|
| TPLI TPL Insurance | PK₨89.24 | 53.2% +PK₨6.2b | 973.9% | PE458.3x | Financials | |
| NESTLE Nestlé Pakistan | PK₨7.75k | 1.8% +PK₨6.1b | 0.7% | PE20.9x | Consumer Staples | |
| PRL Pakistan Refinery | PK₨53.14 | 19.2% +PK₨5.4b | 68.8% | PE2.8x | Energy | |
| JKSM J.K. Spinning Mills | PK₨243.96 | 16.2% +PK₨3.5b | 125.3% | PE21.4x | Consumer Discretionary | |
| CNERGY Cnergyico PK | PK₨10.29 | 4.9% +PK₨2.6b | 46.4% | PE3.7x | Energy |
