⚡ Flash Summary

Al Meezan Investment Management Limited presents the financial performance of its funds for the quarter ended September 30, 2025. Pakistan’s stock market delivered strong returns, with KSE-100 posting a 32% gain. Al Meezan’s market share in the mutual fund industry is 15%, and it holds a 32% share amongst Shariah-compliant funds. The outlook for the Pakistan Stock Exchange remains positive, supported by institutional inflows and a stable macroeconomic environment.

📌 Key Takeaways

• 📈 KSE100 Index posts a strong 32% return in Q1 FY26.
• 🥇 Pakistan is one of the best performing markets globally.
• 📊 Average daily traded volume reaches a record 952 million shares.
• 🇵🇰 Pakistan’s geopolitical standing improves significantly.
• 🤝 Trade agreement signed with the United States.
• ⬆️ Moody’s upgrades Pakistan’s credit rating to Caa1.
• 💰 Government secures financing facility to resolve circular debt in the Power sector.
• 🛡️ Strategic Mutual Defence Agreement (SMDA) signed between Pakistan and Saudi Arabia.
• 💼 Mutual funds are prominent net buyers, contributing USD 206 million.
• 🏦 Banks and Foreign Corporates are primary sellers, offloading USD 276 million.
• 🌱 Shariah Compliant AUMs grow by 12.1% to Rs. 1,993 billion.
• ⚖️ Al Meezan’s market share in Mutual Funds Industry is 15%.
• 🌙 Al Meezan holds 32% market share in Shariah Compliant Funds.

🎯 Investment Thesis

Given the robust performance and positive outlook for the Pakistan stock market, it’s recommended to HOLD current positions in Al Meezan funds. This recommendation is based on the strong market performance, improving geopolitical standing, and credit rating upgrades. Although consolidation and flood-related disruptions are expected, their impact should be manageable.