⚡ Flash Summary

UBL Funds’ Quarter Report for September 2025 highlights the performance and key developments across its diverse portfolio of funds. The KSE 100 Index rose by 32% to 165,493 points during the quarter, fueled by the Banking, Cement, and Fertilizer sectors. UBL Fund Managers Limited presented the quarter end report of its various funds while the overall macro-stability was largely preserved in Pakistan despite inflationary pressures.

📌 Key Takeaways

• 📈 KSE 100 Index increased by 32% to 165,493 points in 1QFY26.
• 🏦 Banking sector led the stock market rally, contributing 14,418 points.
• 🧱 Cement sector contributed 4,613 points to the KSE 100 Index.
• 🌱 Fertilizer sector contributed 3,820 points to the KSE 100 Index.
• 💰 Domestic institutional investors were net buyers of USD 206 mn.
• 🏦 Banks offloaded shares amounting to USD 150 mn during 1QFY26.
• 📜 Total participation in T-bill auctions surged to PKR 9.37 trillion.
• 🏦 Government raised approximately PKR 3.54 trillion through T-bill auctions.
• 💸 Government accepted PKR 557 billion in bids for floating-rate Treasury bills.
• 🌿 Investor interest leaned heavily toward variable-rate Ijara Sukuk.
• PKR 404 billion of Fixed-rate Ijara Sukuk accepted by government
• UBL Liquidity Plus Fund (ULPF) Yielded 9.92% P.a.
• T-Bills: 49.6% OF ULPF ASSETS AS OF SEPTEMBER 30, 2025
• Cash: 39.5% OF ULPF ASSETS AS OF SEPTEMBER 30, 2025

🎯 Investment Thesis

Given the overall economic outlook, a HOLD strategy seems appropriate, especially for investors with a balanced risk appetite. While the KSE 100 index delivered excellent results for the quarter, caution is advised due to underlying risks and macroeconomic instability.