·        KSE100 overreacted to Middle East military conflict, plunging over 10% at the open, adding to its 8.7% decline in Feb’26, and prompting a trading halt within the first seven minutes of the session.

·        However, we expect the KSE-100 to stage a recovery, as the direct economic impact on Pakistan appears manageable and the country is not a direct party to the conflict.

·        The evolving Middle East situation could, in fact, strengthen Pakistan’s strategic ties with GCC countries, reinforcing its standing as a credible military ally.

·        We have our liking for OGDC, PPL, UBL, MEBL, HBL, FFC, ENGROH, PSO, LUCK, FCCL, INDU, ILP and SYS.

https://research.akdsl.com/639080543567982629.pdf

Courtesy – AKD Research