KARACHI: The Pakistan Stock Exchange (PSX) experienced a volatile week, briefly dipping below the key 170,000-point level, but staged a strong recovery on Friday to close at 172,400 points, marking a week-on-week gain of 1.13%.
Weekly Performance
The KSE-100 index started the week on a negative note, closing at 168,954 points on Monday, down 1,525 points (-0.89%), slipping below the 170,000 psychological level for the first time since May 22, 2026. However, the bourse rebounded on Tuesday, gaining 1,377 points (+0.81%) to close at 170,331, reclaiming the 170,000 mark. Wednesday saw a mixed session, with the index closing at 169,427, down 903 points (-0.53%), while Thursday witnessed consolidation as the index edged up 0.16% to 169,704. The market surged on Friday, adding 1.6% to settle at 172,400 points, driven by reports that planned US strikes on Iran were called off, boosting risk appetite and investor sentiment.
Key Economic Indicators
According to Arif Habib Limited (AHL), auto sales (cars, LCVs, vans, jeeps, and EVs) rose 19% year-on-year to 17,600 units in May 2026, with cumulative 11-month sales up 45% YoY to 183,600 units, though volumes declined 20% month-on-month due to subdued economic activity during Eid. Remittances hit a record monthly high of $4.3 billion in May 2026, up 15% YoY and 20% MoM, with cumulative 11-month remittances rising 9% YoY to $38.1 billion. Central government debt increased 1.7% month-on-month to Rs81.9 trillion (+9.3% YoY) as of April 2026.
T-Bill Auction and Fuel Prices
In the T-bill auction on June 10, the government raised Rs1,962.3 billion against a target of Rs2,000 billion. Cut-off yields declined for one-month and six-month tenors by 4.1 and 1.0 basis points respectively, while the three-month yield edged up 0.8 basis point and the 12-month yield rose 40 basis points. The price of motor spirit decreased by Rs4.0 per litre to Rs377.78, with the ex-refinery price falling Rs28.58 per litre and the petroleum levy raised by Rs24.74 per litre. High-speed diesel remained unchanged at Rs380.78 per litre.
Oil and Gas Production
Gas production declined 1.6% week-on-week to 3,021 million cubic feet per day during the first week of June 2026, driven by lower output from Qadirpur, Kandhkot, Sui, and Shewa fields, likely due to disruptions from the SNGPL pipeline rupture. Oil production declined 1% WoW to 68,821 barrels per day, due to lower output from Makori East, Maramzai, KPD, and Sharf fields.
Roshan Digital Account
Gross inflows into Pakistan's Roshan Digital Account reached $13,059 million as of May 2026, of which $2,070 million has been repatriated and $8,283 million utilised locally, leaving a net liability of $2,706 million, according to AHL.
Market Participants and Volumes
Topline Securities reported that the KSE-100 rose 1.1% WoW, primarily driven by easing US-Iran tensions and lower oil prices. Foreign corporates were net sellers, offloading equities worth a net $19.42 million, while individuals were major buyers, purchasing equities worth a net $19.4 million. Average daily traded volume and value during the week stood at 776 million shares and Rs29 billion, respectively.
