Pakistan stock market climbs 1.8% amidst range-bound activity

This week, the Pakistan Stock Exchange remained in a consolidation phase, with range bound activity. Despite this, the market closed the week with a notable gain of 2,025 points, or 1.8%, ending at 115,272 points.

The week began on a positive note, with the index reaching an intra-day high of 115,800 points. However, profit-taking caused a dip, with the index eventually finding support around the 113,000 points mark.

Pakistan reported a current account surplus of $582 million for December, bringing the total surplus for the first half of the fiscal year to $1.2 billion.

Nukta presenter Shuja Qureshi interviews Mustafa Pasha, Executive Director and Chief Investment Officer at Lakson Investments, about the upcoming market triggers.