The Pakistan Stock Exchange has concluded Calendar Year 2025 on a historic high, marking a period of exceptional growth and robust investor confidence. As the dust settles on a phenomenal year, the data reveals a market that has not only scaled new peaks but has done so with significant momentum across key economic sectors.
The Macro Picture: Unprecedented Growth
The benchmark KSE-100 Index ended the year at a staggering 174,054.32 points (as of December 31, 2025). This represents a remarkable annual growth of 51.18%, while the Fiscal Year to Date (FYTD) performance remains strong at 38.55%.
Throughout the year, the market displayed immense volatility and resilience, navigating between a lowest closing value of 103,526.82 and reaching a highest closing value of 174,472.90. In total, the market added a massive 58,927.42 points during the calendar year.
Sectoral Dominance: The Driving Forces
A deep dive into the sectoral performance shows that the rally was highly concentrated, with just five sectors contributing approximately 87% of the total gains in the KSE-100.
- Commercial Banks: By far the most significant driver, contributing 26,327 points, which accounts for 44.68% of the total market gain.
- Fertilizer: A strong second, adding 9,888 points (16.78% of the total).
- Cement: Maintained steady growth with a contribution of 7,941 points (13.48%).
- Power Generation & Distribution: Contributed 3,401 points (5.77%).
- Oil & Gas Marketing Companies (OMCs): Rounded out the top five with 2,873 points (4.88%).
Key Players: The Pullers and the Draggers
The year’s performance was shaped by specific blue-chip companies that acted as the primary engines of the index, while a few others faced headwinds.
The Market Pullers (Top Contributors)
These entities provided the heavy lifting required to push the index to record levels:
- FFC: +7,866.16 points
- UBL: +7,804.96 points
- LUCK: +3,771.55 points
- MEBL: +3,453.30 points
- HUBC: +3,413.41 points
The Market Draggers (Bottom Contributors)
Despite the overall bullish trend, these tickers saw negative point contributions:
- MEHT: -270.62 points
- PKGP: -185.68 points
- UNITY: -158.13 points
- AIRLINK: -148.86 points
- COLG: -138.77 points
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Stock market investing involves risks, and past performance is not necessarily indicative of future results.