⚡ Flash Summary

AWT Investments Limited presents its quarterly report for September 30, 2025, showcasing the performance of various funds under its management. Pakistan’s economy demonstrates stabilization, supported by external account improvements and upgraded credit ratings. The KSE-100 Index surged by 32% during the quarter, with mutual funds and individual investors driving liquidity. Key funds like AWT Islamic Income Fund and AWT Islamic Stock Fund demonstrate varying degrees of growth and returns, reflecting different investment strategies and market exposures.

📌 Key Takeaways

• 📈 Pakistan’s economy shows signs of stabilization in 1QFY26, with improved external accounts and credit ratings.
• 🤝 A landmark mutual defense agreement with Saudi Arabia in September 2025 is expected to unlock fresh investment inflows.
• 📊 The KSE-100 Index posted gains of 32% in 1QFY26, while the KMI-30 Index surged 33%.
• 💰 Local mutual funds and individual investors were key liquidity drivers, with net inflows of USD 101mn and USD 89mn, respectively.
• 💹 AUM of the Mutual Fund industry grew by 7% to Rs. 4.18 trillion during 1QFY26.
• 🥇 AWT Islamic Income Fund delivered an annualized return of 10.1% against its benchmark return of 9.5%.
• 🏦 Net Assets of AWT Islamic Income Fund stood at PKR 60.2 billion, a 5% increase from June 30, 2025.
• 📜 The Pakistan Credit Rating Agency (PACRA) maintained AWT Islamic Income Fund’s stability rating of A+(f).
• 💸 AWT Islamic Money Market Fund delivered a return of 10.0% p.a. against a benchmark of 9.7% p.a.
• 🏦 Net Assets of AWT Islamic Money Market Fund stood at PKR 2.14 billion at the end of the period.
• 📉 AWT Income Fund delivered a 9.6% annualized return versus a benchmark of 10.6% p.a.
• 📉 Net Assets of AWT Income Fund decreased by 5% from June 30, 2025, to PKR 1.81 billion.
• 💹 The NAV of AWT Islamic Stock Fund increased by 29.9%, compared to 33.2% in the KMI 30 Index.
• 🏦 Net Assets of the AWT Islamic Stock Fund increased by 189% from June 30, 2025, to PKR 3,873 million.
• 🔄 AWT Islamic Asset Allocation Fund converted from equity to Shariah compliant asset allocation in September 2025.

🎯 Investment Thesis

Given the current economic stabilization and market gains, a HOLD recommendation seems appropriate for the fund at this time. While positive factors are evident, such as economic recovery and potential investment inflows, short-term inflationary pressures persist. The funds’ mixed performance indicates a need for cautious optimism.