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PSX hits record high as bulls charge ahead

Anticipation of pro-construction policies in the forthcoming federal budget drove cement and steel stocks upward

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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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Investor enthusiasm propelled the Pakistan Stock Exchange to new highs this week, with banking stocks taking the lead thanks to attractive double-digit yields. Meanwhile, anticipation of pro-construction policies in the forthcoming federal budget drove cement and steel stocks upward.

The benchmark KSE-100 index surged by 1,950 points (1.6%), reaching a historic close at 121,641.

This week on Stock Watch, Nukta presenter Shuja Qureshi is joined by Shahbaz Ashraf, CIO at FRIM Ventures, and Farid Alam, CEO at AKD Securities, to analyze budget-related developments, their market impact, and the banking sector’s dominance in investor sentiment.

Catch us live as we discuss Budget 2026 on Nukta Business’s YouTube and Nukta Pakistan’s Facebook pages from June 9 to 11 at 7 PM (PST). Follow us now for in-depth insights from industry experts on how the budget will shape Pakistan’s economic landscape.

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