FIRST CAPITAL· SIGNA RESEARCH
KSE CLOSEDKSE-100 · PSX--:--:-- PKTDATA AS OF 11 JUN 2026 · EOD

PSO

Pakistan State Oil
OMCS

LAST · PKR

372.80
−1.84 −0.49%

52W RANGE

263.83376.47
97% OF RANGE · YTD +22.2%
01 / PSO — 1 YearAS OF 11 JUN 2026 · EOD
PERIOD 1Y · 250 SESSIONS

Source: PSX, First Capital Research. Data as of 11 Jun 2026, EOD.

02 / Fundamentals
Market cap
175bn
P/E (ttm)
6.3×
EPS (ttm)
59.17
Dividend yield
3.0%
Return on equity
12.7%
Beta
1.25
Free float
45%
52W high
376.47
52W low
263.83
1D change
−0.49%
YTD return
+22.2%

The national oil marketing company; dominant share of diesel and mogas volumes with a nationwide retail and storage network.

03 / Research NoteCONSTRUCTIVE

SIGNA DESK · FIRST CAPITAL RESEARCH · 11 JUN 2026 · EOD

Pakistan State Oil: earnings power still under-priced at 6.3× despite the re-rating

Pakistan State Oil (PSO) trades at 6.3× trailing earnings with a 3.0% dividend yield, sitting 97% of the way up its 52-week range. Return on equity of 12.7% sits near the market's cost of equity, and the 45% free float keeps the name liquid enough for institutional sizing.

Within the omcs space, the setup is favourable: the stock has outperformed year-to-date and consensus has been chasing, not leading, the upgrades. At 1.25 beta the name moves harder than the index in both directions — position sizing matters more than entry price. Capital appreciation, not the payout, has to carry the return from here.

AT A GLANCE

Stance
CONSTRUCTIVE
P/E (ttm)
6.3×
Dividend yield
3.0%
Beta
1.25
52W position
97%
YTD return
+22.2%

— GENERATED BY SIGNA · NOT INVESTMENT ADVICE