The KSE-100 Index came under pressure after the State Bank of Pakistan delivered a surprise 100bps hike, taking the policy rate to 11.5%.
This move, combined with global oil prices hitting a four-year high of $125 per barrel amid escalating geopolitical tensions around the Strait of Hormuz, has pushed market sentiment into a more cautious phase.
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 Mustafa Mustansir, Director Research at Taurus Securities, to break down the impact of the interest rate hike on banks, rising oil prices, and shifting dynamics in global energy markets.
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