Can interest rate hike stop PSX rally?

Could rising oil prices and the upcoming monetary policy announcement end the PSX bull run?

After two weeks of gains in KSE-100 Index, the momentum hit a speed bump. This week, the market shed 3,327 points, closing at 170,672. While geopolitical hopes and a last-minute recovery on Friday provided some relief, the shadow of $100+ crude oil and the upcoming Monetary Policy Committee (MPC) decision have investors on edge.

In this episode of Stock Watch, powered by Chase Securities and Bank of Punjab, Nukta’s Shahbaz Ashraf and Moiz Ur Rehman are joined by independent analyst A A H Soomro to break down what we can expect in the days to come.