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Pakistani (KSE) Market Analysis & Valuation

UpdatedJul 28, 2026
DataAggregated Company Financials
Companies443
  • 7D1.3%
  • 3M5.3%
  • 1Y18.0%
  • YTD-1.6%

Over the last 7 days, the market has risen 1.3%, driven by gains of 2.4% in the Financials sector. In the last year, the market has climbed 18%. Looking forward, earnings are forecast to grow by 12% annually.

Trending IndustriesOil and GasRenewable Energy

Market Valuation and Performance

Has the Pakistani Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 29 Jul 2026PK₨18.4tPK₨21.7tPK₨2.0t10.2x9.3x0.8x
Fri, 26 Jun 2026PK₨18.8tPK₨21.7tPK₨2.0t10.8x9.5x0.9x
Sun, 24 May 2026PK₨17.4tPK₨21.6tPK₨2.0t9.7x8.8x0.8x
Tue, 21 Apr 2026PK₨17.8tPK₨21.2tPK₨1.9t10.1x9.4x0.8x
Thu, 19 Mar 2026PK₨16.1tPK₨21.0tPK₨1.9t9x8.6x0.8x
Sat, 14 Feb 2026PK₨18.8tPK₨21.1tPK₨1.9t11.3x10x0.9x
Mon, 12 Jan 2026PK₨19.2tPK₨21.0tPK₨1.9t11.5x10.3x0.9x
Wed, 10 Dec 2025PK₨17.9tPK₨21.6tPK₨1.9t11.4x9.6x0.8x
Fri, 07 Nov 2025PK₨16.9tPK₨21.6tPK₨1.9t10.9x9.1x0.8x
Sun, 05 Oct 2025PK₨18.4tPK₨22.1tPK₨1.8t12.1x10.3x0.8x
Tue, 02 Sep 2025PK₨16.6tPK₨21.5tPK₨1.7t11.1x9.6x0.8x
Thu, 31 Jul 2025PK₨15.5tPK₨21.3tPK₨1.7t11x9.1x0.7x
Sat, 28 Jun 2025PK₨14.2tPK₨21.3tPK₨1.7t9.5x8.3x0.7x
Mon, 26 May 2025PK₨13.5tPK₨21.1tPK₨1.7t8.8x8x0.6x
Wed, 23 Apr 2025PK₨13.4tPK₨21.2tPK₨1.6t8.5x8.2x0.6x
Fri, 21 Mar 2025PK₨13.5tPK₨21.1tPK₨1.6t8.6x8.3x0.6x
Sun, 16 Feb 2025PK₨12.9tPK₨21.1tPK₨1.7t8.6x7.7x0.6x
Tue, 14 Jan 2025PK₨13.4tPK₨21.3tPK₨1.7t8.7x7.9x0.6x
Thu, 12 Dec 2024PK₨13.5tPK₨22.2tPK₨1.7t8.3x7.8x0.6x
Sat, 09 Nov 2024PK₨11.4tPK₨22.5tPK₨1.7t7.4x6.6x0.5x
Mon, 07 Oct 2024PK₨10.3tPK₨22.2tPK₨1.8t6.4x5.7x0.5x
Wed, 04 Sep 2024PK₨9.9tPK₨22.0tPK₨1.8t6.6x5.4x0.5x
Fri, 02 Aug 2024PK₨9.8tPK₨21.7tPK₨1.8t6.4x5.6x0.5x
Sun, 30 Jun 2024PK₨9.9tPK₨21.6tPK₨1.7t6.3x5.7x0.5x
Tue, 28 May 2024PK₨10.0tPK₨21.6tPK₨1.8t5.8x5.5x0.5x
Thu, 25 Apr 2024PK₨9.7tPK₨21.3tPK₨1.9t5.6x5.2x0.5x
Sat, 23 Mar 2024PK₨8.9tPK₨21.0tPK₨1.8t5.4x5x0.4x
Mon, 19 Feb 2024PK₨8.6tPK₨20.4tPK₨1.7t5.4x5x0.4x
Wed, 17 Jan 2024PK₨9.2tPK₨20.3tPK₨1.7t5.9x5.5x0.5x
Fri, 15 Dec 2023PK₨9.3tPK₨20.2tPK₨1.7t6.2x5.6x0.5x
Sun, 12 Nov 2023PK₨7.9tPK₨20.0tPK₨1.7t5.2x4.7x0.4x
Tue, 10 Oct 2023PK₨7.0tPK₨19.2tPK₨1.5t5.4x4.7x0.4x
Thu, 07 Sep 2023PK₨6.7tPK₨19.3tPK₨1.5t5.3x4.6x0.3x
Sat, 05 Aug 2023PK₨7.2tPK₨19.2tPK₨1.4t5.8x5.2x0.4x
Price to Earnings Ratio

5.2x


Total Market Cap: PK₨7.2tTotal Earnings: PK₨1.4tTotal Revenue: PK₨19.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Pakistani Market Price to Earnings3Y Average 7.3x202420252026
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 9.3x 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 Market1.35%
Financials2.39%
Industrials1.48%
Telecom1.47%
Utilities1.33%
Energy1.30%
Materials1.22%
Consumer Discretionary0.65%
Healthcare0.64%
Consumer Staples0.51%
Tech0.21%
Real Estate-0.10%
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 28% 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 6.0% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
MEBL Meezan BankPK₨562.683.7%
+PK₨36.6b		59.1%PB3.6xFinancials
OGDC Oil and Gas DevelopmentPK₨321.001.6%
+PK₨22.2b		43.3%PE8.9xEnergy
NBP National Bank of PakistanPK₨207.462.2%
+PK₨9.4b		72.3%PB1xFinancials
PPL Pakistan PetroleumPK₨222.841.4%
+PK₨8.3b		34.4%PE7.7xEnergy
NESTLE Nestlé PakistanPK₨7.82k2.2%
+PK₨7.8b		1.7%PE21.1xConsumer Staples
See more

Market Insights

Header cover image
Healthcare just hit its lowest market weight since 1994. But dig deeper into the sector, and the collapse starts to look like a costume in some ways.
Continue reading
A brand’s strength doesn’t always last

Latest News

JDWS
PK₨910.13
JDW Sugar Mills
7D
-4.3%
1Y
-7.1%
OGDC
PK₨321.00
Oil and Gas Development
7D
1.6%
1Y
43.3%
MEBL
PK₨562.68
Meezan Bank
7D
3.7%
1Y
59.1%
NBP
PK₨207.46
National Bank of Pakistan
7D
2.2%
1Y
72.3%
NESTLE
PK₨7,823.13
Nestlé Pakistan
7D
2.2%
1Y
1.7%
UBL
PK₨473.33
United Bank
7D
-0.2%
1Y
32.1%
PRL
PK₨59.15
Pakistan Refinery
7D
20.2%
1Y
91.3%
HBL
PK₨306.84
Habib Bank
7D
1.5%
1Y
41.9%
KPUS
PK₨1,337.15
Khairpur Sugar Mills
7D
-11.8%
1Y
821.1%
FFC
PK₨547.71
Fauji Fertilizer
7D
-0.5%
1Y
17.2%
Narrative Update • Jul 21

FFC: Lower Discount Rate And Higher P/E Will Support Bullish Repricing

Analysts have lifted their fair value estimate for Fauji Fertilizer from PKR 640.67 to PKR 675.40, citing a slightly lower discount rate and a modestly higher expected future P/E multiple as key drivers of the updated price target. What’s in the News for Fauji Fertilizer Fauji Fertilizer Company Limited has scheduled a Board Meeting for Apr 29, 2026, at 11:00 Pakistan Standard Time.
PTC
PK₨70.00
Pakistan Telecommunication
7D
-0.8%
1Y
204.3%
LOTCHEM
PK₨27.70
Lotte Chemical Pakistan
7D
-5.5%
1Y
33.5%
LUCK
PK₨455.04
Lucky Cement
7D
1.1%
1Y
25.7%
New Narrative • Jul 03

Discounted Cash Flow Valuation of Lucky Cement Limited (LUCK)

Intrinsic Value Assessment Based on the Discounted Cash Flow (DCF) valuation using the Free Cash Flow to Firm (FCFF) approach, the estimated intrinsic value of Lucky Cement Limited is PKR 511.80 per share under the base case assumptions. The valuation incorporates projected revenue growth gradually declining from 8% to 4%, a stable EBIT margin of 22.07%, and a terminal growth rate of 3.0%.
PIAHCLA
PK₨28.11
PIA Holding
7D
-2.2%
1Y
31.5%
SYS
PK₨135.01
Systems
7D
-2.0%
1Y
13.2%
Narrative Update • Jun 26

SYS: Future Board Actions And Dividend Plans Will Support Bullish Outlook

Analysts have revised their fair value estimate for Systems upward from PKR180 to PKR209.04, citing updated assumptions around the discount rate, revenue growth, profit margin, and future P/E. What’s in the News for Systems Systems Limited scheduled a board meeting on June 12, 2026, at 16:30 Pakistan Standard Time to discuss matters other than financial (Key Developments).
PPL
PK₨222.84
Pakistan Petroleum
7D
1.4%
1Y
34.4%