Pakistan stock market hits record high, closes up 11.6%

The Pakistan Stock Exchange witnessed a remarkable surge this week, fueled by two major developments—a ceasefire agreement between India and Pakistan and the IMF executive board’s approval of the first review of its $7 billion program.

Additionally, the IMF sanctioned a new $1.4 billion loan under its climate resilience fund, further boosting investor sentiment. As a result, the benchmark KSE-100 index soared 11.6% this week, closing at a record high of 119,649 points.

In this episode of Stock Watch, Nukta presenter Shuja Qureshi joins Shahbaz Ashraf, CIO at FRIM Ventures, and Naveed Vakil, Managing Director at Ktrade Securities, to analyze market trends and discuss potential movements in the coming days. Watch now!