Markets

PSX rebounds sharply: KSE-100 jumps 4,575 points as banks and Reko Diq stocks rally

Strong momentum in banking stocks, coupled with renewed excitement around OGDC and PPL following Barrick Gold’s reaffirmed commitment to Reko Diq project, pushed KSE-100 to 166,678 points

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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 closed the week with a powerful 2.8% gain, recovering sharply after touching an intra-week low of 160,500 points.

Strong momentum in banking stocks, coupled with renewed excitement around OGDC and PPL following Barrick Gold’s reaffirmed commitment to the Reko Diq project, pushed the KSE-100 to 166,678 points - up 4,575 points week-on-week.

In this week’s episode of HBL presents Stock Watch powered by Chase Securities, Shuja Qureshi and Shahbaz Ashraf sit down with Yousuf Farooq, Director Research at Chase Securities, to break down:

What triggered the PSX rebound?

How Reko Diq developments are impacting exploration & production stocks

Why banking sector activity surged

Key risks and outlook for next week

Whether this rally has legs—or if volatility will return

If you follow the Pakistan Stock Exchange, KSE-100, PSX market updates, or sector insights on banks, E&Ps, and Reko Diq, this episode is a must-watch.

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