Coverage is concentrated where the money is. Darson Securities' monthly programme, for example, runs dedicated updates on just three sectors — Automobiles, Cement and Fertilizer — alongside result previews for banks (UBL, HBL, MCB and peers), fertiliser names such as EFERT and FFC, and cement companies including DGKC, PIOC and FCCL. Its wider coverage list spans 50+ companies and over 70% of market capitalisation, but the lesson generalises: a handful of sectors get deep, continuous research; the other thirty-odd sectors of the 38 on PSX get very little. Investors in uncovered sectors are largely on their own — which is precisely why screening data matters there.
PSX Sectors
Which parts of the market earn the money, move the index and get the research coverage — and where the brokerages are positioned for 2026.
⚠ Snapshot data as of 6 Nov 2026 — demonstration dataset, not live prices.Thursday 5 Nov: who moved the index
| Sector | Index points |
|---|---|
| Commercial Banks | +1,296.92 |
| Cement | +625.60 |
Technology, Oil & Gas Exploration and Power Generation were also named among Thursday's leading sectors in market reports. Banks contributed close to 39% of the day's 3,366-point gain — with roughly 29% of the index's weight, the banking sector is the KSE-100's centre of gravity: when bank earnings and dividends go well, the index usually follows.
What local research actually covers
Expected 2026 earnings growth by sector
Taurus Securities' published strategy expectations for 2026 earnings growth, year on year:
| Sector | Expected earnings growth |
|---|---|
| Oil Marketing Companies | +31% |
| Power | +23% |
| Cement | +15% |
| Fertiliser | +14% |
| Automobiles | +14% |
| Commercial Banks (largest index weight, ~29%) | +2% |
Source: Taurus Securities Pakistan Strategy 2026, as publicly reported. Slow bank earnings growth off a very high base, versus fast growth in energy marketing and power, is the single most important sector rotation story in these numbers.
How the big houses are positioned
AKD Securities
Overweight banks, exploration & production, fertilisers, cement, oil marketing, automobiles, textiles and technology. Underweight power and chemicals.
Taurus Securities
Overweight cement, pharmaceuticals and engineering. Market-weight banks, fertiliser, E&P, autos, OMCs, textile composite and power. Underweight chemicals.
Topline Securities
Prefers cement, E&P, pharmaceuticals, autos, power and technology for 2026; neutral-to-underweight fertilisers, textiles, banks, chemicals and steel.
Foundation Securities
Preferred sector plays for 2026: banks, E&P, fertilisers, cements and steel — with a Dec-2026 index target of 214,000.
Summarised from the houses' publicly reported Pakistan Strategy 2026 notes. The common ground — cement and E&P liked almost everywhere, chemicals liked almost nowhere — is more informative than any single house's full list. See the research page for index targets.