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PSX drops 1.7% on Middle East tensions

Pharmaceutical and select cement stocks were among the hardest hit, contributing significantly to the week’s losses

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Shuja Qureshi

Presenter

With over 20 years of combined experience in media and stock brokerage, Shuja Qureshi is a seasoned professional who hosts a weekly stock market show on Nukta. Passionate about personal finance, he also presents 'How to Money with Shuja Qureshi' on Nukta.

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Shahbaz Ashraf

Business Consultant

Seasoned Investment Professional | CFA | 17+ Years of Experience in Equity Research, Valuation & Advisory Seasoned investment professional with over 17 years of experience in equity research, financial analysis, valuations, and investment advisory—primarily focused on financial services firms, including equity brokerages, asset management companies, and family offices. Skilled in financial modeling, portfolio management, and evaluating multi-asset investment opportunities. Known for delivering data-driven insights and actionable strategies tailored to both institutional and private clients. Holds a BBA and MBA in Finance from the Institute of Business Management (IoBM), Karachi, and is a Chartered Financial Analyst (CFA).

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PSX drops 1.7% on Middle East tensionsplay icon
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Escalating tensions in the Middle East weighed heavily on the Pakistan Stock Exchange this week, prompting investors to offload their holdings. Surging oil prices added to the pressure, stoking fears of rising inflation and further denting investor confidence.

The benchmark KSE-100 index shed 2,121 points, or 1.7%, closing the week at 120,023. Pharmaceutical and select cement stocks were among the hardest hit, contributing significantly to the week’s losses.

In this episode of Stock Watch, Nukta’s Shuja Qureshi sits down with Shahbaz Ashraf, CIO of FRIM Ventures, and Yousuf Farooq, Director of Research at Chase Securities, to unpack market reactions and explore strategies for navigating investment decisions during times of geopolitical turmoil. Watch now!

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