Oil & Gas Development Company Limited (OGDC) has emerged as the most popular stock among mutual funds in Pakistan, with 85 funds collectively holding 20% of its free float, according to a new report by Arif Habib Limited (AHL).
Following OGDC, Pakistan Petroleum Limited (PPL) ranks second with 72 mutual funds owning 17.2% of its free float. Pakistan State Oil (PSO) holds the third spot, with 68 funds holding 32.4% of the company’s free float.
AHL highlighted that this strong concentration in large-cap energy stocks reflects institutional investors’ preference for high-liquidity, dividend-paying equities with stable fundamentals.
Beyond the top three, other stocks appearing frequently in mutual fund portfolios include KTML, GLAXO, TGL, GAL, GHNI, ELSM, HUMNL, NATF, PSX, SRVI, TPLT, BFAGRO, and FLYNG — though these are generally smaller holdings and indicate some level of diversification into mid- and small-cap sectors.
The report also noted that as of June 25, equity mutual funds accounted for 12% of the total industry assets under management (AUM), up from 10.7% in May. Within the equity segment, National Investment Trust (NIT) continues to lead with the highest exposure, followed by Al Meezan Investment Management and NBP Fund Management (NAFA).
