In CY25, Pakistan’s equity market posted a strong performance, with the KMI-30 Index gaining ~39% during the
year, supported by macroeconomic stabilization and improved investor confidence. The rally was reinforced by
continued IMF support under the International Monetary Fund programs, including disbursements of ~USD 1.2bn,
while State Bank of Pakistan foreign exchange reserves strengthened to above ~USD 15.8bn by year-end. Ongoing
monetary easing, a relatively stable PKR, and resilient remittance inflows further supported liquidity and sentiment. Against this backdrop, Islamic Stock Category Funds remained well positioned to benefit from the positive momentum. Within Islamic Equity Fund category, PACRA rated 3 out of 21 funds, with the category posting an average annual return of ~31.37%. Pak Qatar Islamic Stock Fund earned a 2-Star ranking, delivering a 1-Year return of ~25.58%, while the top performing fund within the same category generated a return of ~45.41%. As of December '25, the Fund maintained an exposure of ~80.32% in Equities, ~19.46% in Cash, and the remaining in Others including receivables. Major sector allocations included Oil & Exploration Companies (~20.02%), Cement (~13.66%), Fertilizer (~7.05%), Commercial Banks (~6.63%), Power Generation & Distribution (~6.51%), and the remaining was diversified among other sectors.