A glimpse into mutual fund equity exposure in Pakistan

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Among the top 10 stocks held by mutual funds, OGDC, LUCK, PSO,  PPL, and MEBL emerge as the top five most heavily held stocks. OGDC tops the list with 87 mutual funds holding the stock, collectively holding 20.2% of its free float, according to a report by AHL Research.

LUCK follows with 79 funds invested, with 13.1% of its free float owned by funds.

§  PSO and PPL are held by 69 mutual funds, representing 43.9% and 14.8% of their free float, respectively.

§  MEBL follows with 57 funds holding the stock, accounting for 10.7% of its free float.

§  Furthermore, the following companies also appeared in the top 10 holdings across multiple funds, indicating diversification into mid and small-cap names: GLAXO (9 funds), KTML (8 funds), TGL (6 funds), GAL (6 funds), NATF (5 funds), KEL (4 fund), GHNI (3 funds), SRVI (2 funds), TPLT (1 fund), and FLYNG (1 fund).

§  As of Jul’25, equity mutual funds’ AUMs stood at 12% of the total industry.

§  Within the equity segment, National Investment Trust Limited (NIT) retains its dominance with the largest exposure, followed by Al Meezan Investment Management Limited and NBP Fund Management Limited (NAFA), rounding out the top three in terms of equity AUM concentration.

Courtesy- AHL Research

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