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Pakistani (KSE) Market Analysis & Valuation

UpdatedApr 22, 2026
DataAggregated Company Financials
Companies441
  • 7D3.7%
  • 3M-9.5%
  • 1Y31.4%
  • YTD-4.3%

The market has climbed 3.7% in the last 7 days, lead by the Energy sector with a gain of 6.4%. The market is up 31% over the last 12 months. As for the next few years, earnings are expected to grow by 14% per annum.

Trending IndustriesOil and GasRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 22 Apr 2026PK₨17.9tPK₨21.2tPK₨1.9t10.4x9.4x0.8x
Fri, 20 Mar 2026PK₨16.0tPK₨21.0tPK₨1.9t8.9x8.5x0.8x
Sun, 15 Feb 2026PK₨18.8tPK₨21.1tPK₨1.9t11.3x10x0.9x
Tue, 13 Jan 2026PK₨19.1tPK₨21.0tPK₨1.9t11.5x10.2x0.9x
Thu, 11 Dec 2025PK₨17.9tPK₨21.6tPK₨1.9t11.4x9.6x0.8x
Sat, 08 Nov 2025PK₨17.0tPK₨21.6tPK₨1.9t11x9.1x0.8x
Mon, 06 Oct 2025PK₨18.4tPK₨22.1tPK₨1.8t12x10.3x0.8x
Wed, 03 Sep 2025PK₨16.6tPK₨21.5tPK₨1.7t11.2x9.6x0.8x
Fri, 01 Aug 2025PK₨15.5tPK₨21.2tPK₨1.7t11.4x9.2x0.7x
Sun, 29 Jun 2025PK₨14.2tPK₨21.3tPK₨1.7t9.5x8.4x0.7x
Tue, 27 May 2025PK₨13.4tPK₨21.1tPK₨1.7t8.7x8x0.6x
Thu, 24 Apr 2025PK₨13.3tPK₨21.2tPK₨1.6t8.5x8.1x0.6x
Sat, 22 Mar 2025PK₨13.5tPK₨21.1tPK₨1.6t8.5x8.2x0.6x
Mon, 17 Feb 2025PK₨12.9tPK₨21.0tPK₨1.7t8.6x7.6x0.6x
Wed, 15 Jan 2025PK₨13.5tPK₨21.3tPK₨1.7t8.8x8x0.6x
Fri, 13 Dec 2024PK₨13.8tPK₨22.2tPK₨1.7t8.5x8x0.6x
Sun, 10 Nov 2024PK₨11.4tPK₨22.5tPK₨1.7t7.4x6.6x0.5x
Tue, 08 Oct 2024PK₨10.5tPK₨22.2tPK₨1.8t6.4x5.8x0.5x
Thu, 05 Sep 2024PK₨10.0tPK₨22.0tPK₨1.8t6.6x5.4x0.5x
Sat, 03 Aug 2024PK₨9.9tPK₨21.7tPK₨1.8t6.6x5.6x0.5x
Mon, 01 Jul 2024PK₨9.9tPK₨21.6tPK₨1.7t6.3x5.7x0.5x
Wed, 29 May 2024PK₨9.9tPK₨21.6tPK₨1.8t5.8x5.5x0.5x
Fri, 26 Apr 2024PK₨9.7tPK₨21.2tPK₨1.9t5.6x5.2x0.5x
Sun, 24 Mar 2024PK₨8.9tPK₨21.0tPK₨1.8t5.4x5x0.4x
Tue, 20 Feb 2024PK₨8.7tPK₨20.4tPK₨1.7t5.5x5.1x0.4x
Thu, 18 Jan 2024PK₨9.2tPK₨20.3tPK₨1.7t5.8x5.5x0.5x
Sat, 16 Dec 2023PK₨9.4tPK₨20.2tPK₨1.7t6.3x5.6x0.5x
Mon, 13 Nov 2023PK₨7.9tPK₨20.0tPK₨1.7t5.2x4.7x0.4x
Wed, 11 Oct 2023PK₨7.0tPK₨19.2tPK₨1.5t5.5x4.7x0.4x
Fri, 08 Sep 2023PK₨6.7tPK₨19.3tPK₨1.5t5.3x4.6x0.3x
Sun, 06 Aug 2023PK₨7.2tPK₨19.2tPK₨1.4t5.8x5.2x0.4x
Tue, 04 Jul 2023PK₨6.6tPK₨19.0tPK₨1.4t5.6x4.9x0.3x
Thu, 01 Jun 2023PK₨6.3tPK₨18.9tPK₨1.4t5.5x4.6x0.3x
Sat, 29 Apr 2023PK₨6.2tPK₨18.3tPK₨1.3t5.5x4.6x0.3x
Price to Earnings Ratio

4.6x


Total Market Cap: PK₨6.2tTotal Earnings: PK₨1.3tTotal Revenue: PK₨18.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Pakistani Market Price to Earnings3Y Average 6.9x202420252026
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 9.4x which is higher than its 3-year average PE of 6.9x.
Past Earnings Growth
  • The earnings for Pakistani listed companies have grown 12% per year over the last three years.
  • Revenues for these companies have grown 5.1% 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 Market3.73%
Energy6.40%
Industrials6.30%
Consumer Discretionary5.16%
Real Estate4.91%
Utilities4.75%
Financials3.91%
Healthcare3.77%
Consumer Staples2.58%
Tech1.37%
Materials1.33%
Telecom-0.45%
Sector PE
  • Investors favour the Real Estate sector the most for future growth, which is trading above its 3-year average PE ratio of 6.8x.
    • 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 Tech sector, expecting annual earnings growth of 23% over the next 5 years.
  • However this is lower than its past earnings growth rate of 36% per year.
  • In contrast, the Utilities sector is expected to see its earnings grow by 3.4% 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
UBL United BankPK₨436.6022.7%
+PK₨202.0b		64.7%PB2.6xFinancials
OGDC Oil and Gas DevelopmentPK₨324.218.2%
+PK₨105.7b		52.0%PE8.7xEnergy
PPL Pakistan PetroleumPK₨239.569.5%
+PK₨56.8b		40.4%PE8.1xEnergy
NBP National Bank of PakistanPK₨212.0412.4%
+PK₨49.8b		136.5%PB0.8xFinancials
BWCL Bestway CementPK₨485.678.0%
+PK₨21.6b		13.0%PE11.9xMaterials
See more

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Latest News

PPL
PK₨239.56
Pakistan Petroleum
7D
9.5%
1Y
40.4%
OGDC
PK₨324.21
Oil and Gas Development
7D
8.2%
1Y
52.0%

OGDC: New High-Impact Discoveries And Production Additions Will Support Earnings Momentum

Analysts have revised their price target for oil and gas development to PKR 394.13 from PKR 390.33, citing updated assumptions around revenue growth, profit margins, discount rate, and future P/E expectations. What's in the News Oil and Gas Development Company Limited brought the Baragzai X-1 well in the Nashpa Exploration License into production, with reported output of about 5,300 barrels of oil per day, 17 million standard cubic feet of gas per day, and 15 metric tons of LPG, connected to the Mela facility via an 8" x 8.1 km flowline (company announcement).
NBP
PK₨212.04
National Bank of Pakistan
7D
12.4%
1Y
136.5%
UBL
PK₨436.60
United Bank
7D
22.7%
1Y
64.7%
BWCL
PK₨485.67
Bestway Cement
7D
8.0%
1Y
13.0%
FATIMA
PK₨140.07
Fatima Fertilizer
7D
-3.0%
1Y
71.0%
CHCC
PK₨283.28
Cherat Cement
7D
-5.9%
1Y
-1.3%
BOP
PK₨37.03
Bank of Punjab
7D
17.0%
1Y
254.4%
MARI
PK₨671.94
Mari Energies
7D
2.3%
1Y
3.1%
FCEPL
PK₨77.90
FrieslandCampina Engro Pakistan
7D
-6.2%
1Y
-21.1%
EFERT
PK₨206.13
Engro Fertilizers
7D
-0.8%
1Y
14.3%

EFERT: Future Upside Will Rely On Stable Margins And Leadership Transition

Analysts have maintained their PKR 254.17 price target for Engro Fertilizers, with only slight tweaks to the discount rate and forward P/E assumptions, signaling a broadly unchanged view of the stock’s valuation drivers. What's in the News A board meeting is scheduled for April 20, 2026 at 09:15 Pakistan Standard Time to review first quarter financial statements for the period ended March 31, 2026 and to consider any potential entitlement declaration, if any (company announcement).
ACPL
PK₨241.69
Attock Cement Pakistan
7D
-11.7%
1Y
-12.0%
HUBC
PK₨224.37
Hub Power
7D
5.4%
1Y
53.9%
PTC
PK₨54.24
Pakistan Telecommunication
7D
-0.6%
1Y
144.0%
MLCF
PK₨92.04
Maple Leaf Cement Factory
7D
-1.9%
1Y
36.8%
BML
PK₨60.55
Bank Makramah
7D
-2.9%
1Y
-19.7%