Mutual funds in Pakistan are heavily invested in Oil & Gas Development Company Limited (OGDC), making it the top mutual fund holding, as revealed in a report by Arif Habib Limited (AHL). A total of 85 mutual funds own a combined 20% of OGDC’s free float.
Pakistan Petroleum Limited (PPL) follows closely with 72 mutual funds holding 17.2% of its free float, while Pakistan State Oil (PSO) ranks third with 68 funds holding a sizable 32.4% of its free float.
AHL’s analysis suggests that institutional investors are favoring large-cap, liquid stocks with reliable dividend returns, especially from the energy sector.
Besides these three, the report noted several other frequently held stocks across mutual funds, including names like KTML, GLAXO, GAL, and HUMNL—indicating a mix of exposure to mid and small-cap equities as well.
As of June 25, equity mutual funds represented 12% of the overall asset management industry, rising from 10.7% a month earlier. The National Investment Trust (NIT) remains the largest player in this space, with Al Meezan and NAFA also holding significant equity positions.