Farooq Awan

Pakistan’s 2026 investment strategy highlights a group of large-cap stocks across the energy and banking sectors based on their earnings, dividend profiles, and valuation metrics. The Pakistan Investment Strategy 2026, prepared by Arif Habib Limited, identifies selected companies that meet defined financial and operational criteria under the prevailing market and macroeconomic environment.

In the exploration and production sector, Oil and Gas Development Company Limited is listed among the highlighted stocks. As of December 23, 2025, the company’s share price stood at PKR 264.8. The document available with Wealth Pakistan sets a reference price of PKR 347.2 for December 2026. Earnings per share are projected at PKR 34.8 for 2026 and PKR 40.7 for 2027. Dividend per share is stated at PKR 16.0 for 2026 and PKR 19.0 for 2027, with dividend yields of 6.0% and 6.5%, respectively.

Pakistan Oilfields Limited is also included in the list. The company’s share price was PKR 608.4, with a reference price of PKR 633.3 for December 2026. Earnings per share are shown at PKR 83.6 for 2026 and PKR 85.9 for 2027. The dividend per share is listed at PKR 58.55 for 2026 and PKR 60.12 for 2027, corresponding to dividend yields of 9.6% and 9.9%, respectively.

Pakistan Petroleum Limited is another energy company featured in the document. Its share price stood at PKR 217.2, while the reference price for December 2026 is PKR 261.0. Earnings per share are stated at PKR 34.6 for 2026 and PKR 35.3 for 2027. The dividend per share is listed at PKR 13.0 for 2026 and PKR 15.0 for 2027, with dividend yields of 6.0% and 6.9%, respectively.

In the banking sector, Faysal Bank Limited is included in the highlighted stocks. The bank’s share price was PKR 90.0, with a reference price of PKR 104.8 for December 2026. Earnings per share are shown at PKR 14.4 for 2026 and PKR 16.2 for 2027. The dividend per share is stated at PKR 8.0 for 2026 and PKR 9.0 for 2027, with dividend yields of 8.9% and 10%, respectively.

The National Bank of Pakistan is also covered in the document. The bank is shown to offer dividend yields of 10.1% in calendar year 2025 and 10.9% in calendar year 2026. Earnings per share are stated at PKR 33.6 for 2026, while valuation metrics show a price-to-earnings ratio of around 7.1 times and a price-to-book ratio of 1.0 times.

The document notes that the common characteristics across these stocks include dividend payouts, earnings visibility, and valuation metrics as presented in the report’s financial tables. The information is presented as part of the broader equity market coverage for 2026.

Credit: INP-WealthPk