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SBP’s surprise rate cut sparks PSX rally to record high
A surprise 50-basis-point rate cut by the State Bank of Pakistan buoyed investor sentiment at the Pakistan Stock Exchange this week
Dec 21, 2025
Dec 21, 2025

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.
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).
- YouTube
A surprise 50-basis-point rate cut by the State Bank of Pakistan buoyed investor sentiment at the Pakistan Stock Exchange this week.
The KSE-100 index responded with a 1,539-point (0.9%) surge, closing at a record high of 171,404. Banking stocks led the charge, with notable gains from National Bank of Pakistan (NBP) and United Bank Limited (UBL).
In this week’s Stock Watch, presented by HBL and powered by Chase Securities, Nukta’s Shuja Qureshi and Shahbaz Ashraf are joined by Ali Najeeb, Deputy Head of Trading at Arif Habib Limited, to explore what lies ahead for the market as the year draws to a close.








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