Stock Watch: Pakistan stock market declines 3.7% amid heavy selling

The Pakistan stock market experienced significant volatility this week, with the index reaching a record high of nearly 118,700 before dropping to around 112,000 in just four trading sessions. The week started with four consecutive negative trading sessions, but the losing streak was finally broken on the last day with a gain of 609 points.

On a weekly basis, however, the KSE-100 index closed on a bearish note, losing 4,340 points or 3.7 percent to settle at 113,247.

The primary contributors to this week’s declines were the stocks of oil refineries and oil and gas marketing companies, followed by the cement and steel sectors.

In the latest episode of Stock Watch, Nukta presenter Shuja Qureshi interviews Raza Jafri, Executive Director of Intermarket Securities, to discuss the reasons behind the market's decline and potential future moves.