Where Pakistan's economy is heading, the regime it points to, and which sectors and stocks tend to do well in it. Updated 6 Nov 2026.
Leading indicators are numbers that tend to turn before the economy and corporate profits do: things like money supply, the real interest rate, the trade balance, cement and fuel demand, and the rupee's real exchange rate. The dashboard above tracks six of them and marks each as positive, neutral or negative. When most of them improve together, earnings and the KSE-100 have usually followed a few months later.
Growth and inflation together place Pakistan in one of four regimes. Goldilocks (growth up, inflation easing) has favoured most of the market; Reflation (growth up, inflation rising) tends to suit banks, energy and commodity producers; Disinflation (growth down, inflation easing) often comes with rate cuts that later help cyclicals; and Stagflation (growth down, inflation rising) has been hardest on stocks. The map shows where the economy sits now and the sectors that did best in that regime before.
The twelve largest sectors in the KSE-100 by index weight, with their weighted price change for the day, the index points they added or removed, and the best performer in each.
| Sector | Stocks | Index weight | Change | Index points | Best stock |
|---|---|---|---|---|---|
| Commercial Banks | 14 | 31.2% | -0.98% | -449.5 | BAHL (+0.84%) |
| Fertilizer | 4 | 12.9% | -0.60% | -113.4 | AHCL (-0.37%) |
| Oil & Gas Exploration | 4 | 12.2% | -0.89% | -159.2 | POL (+0.14%) |
| Cement | 10 | 9.2% | -1.61% | -217.0 | POWER (-0.54%) |
| Investment & Securities | 2 | 5.5% | -1.19% | -95.8 | ENGROH (-1.09%) |
| Power Generation | 5 | 5.1% | -0.35% | -26.3 | NCPL (+3.36%) |
| Technology & Communication | 4 | 3.6% | -1.51% | -80.3 | AIRLINK (-0.87%) |
| Automobile Assembler | 7 | 3.4% | -0.18% | -9.3 | MTL (+0.29%) |
| Oil & Gas Marketing | 4 | 2.7% | -1.99% | -80.1 | SSGC (-1.48%) |
| Pharmaceuticals | 7 | 2.4% | -1.11% | -39.0 | HALEON (-0.68%) |
| Food & Personal Care | 6 | 2.3% | +0.08% | +2.5 | UPFL (+1.13%) |
| Textile Composite | 3 | 1.2% | -1.78% | -32.9 | KTML (-0.07%) |
The sector leaders table ranks every stock we cover against the peers in its own sector, so a bank is compared with banks and a cement maker with cement makers. That avoids the usual trap of comparing a low P/E bank with a high P/E technology company. Members see the full ranking with scores and fair values; visitors can open any company's page from the PSX stocks list.
Related: Pakistan economy dashboard, investor flows (smart money), KSE-100 today.
Data and analysis for education and research. Not investment advice. Prices and figures can be revised by their sources.
They are figures that usually change direction before the wider economy and company profits, such as money supply growth, real interest rates, the trade balance, cement demand and the real exchange rate.
By index weight: Commercial Banks, Fertilizer, Oil & Gas Exploration, Cement, Investment & Securities.
It places Pakistan in one of four regimes based on whether growth and inflation are rising or falling: Goldilocks, Reflation, Disinflation or Stagflation. Different sectors have done best in each.
Each stock is ranked only against companies in its own sector, using its Pulse Score, margin of safety, P/E, dividend yield and one-year trend.