Stock Watch: Pakistan stock market loses steam, down 4.2% for the week

After a two-and-a-half-week bull run, the Pakistan stock market lost momentum as the KSE-100 dropped 4.2%, closing the week at 109,513 points.

The week began on a positive note as the index surpassed the 116,000 mark. However, profit-taking by mutual funds — who had been the primary drivers of the recent bull run — shifted the market sentiment, turning it bearish. As a result, the index fell by approximately 9.2% over the next three trading sessions.

Nukta presenter Shuja Qureshi interviews Tahir Abbas, Director of Equities at Arif Habib Limited, to explore the factors contributing to the sharp decline and assess whether this will impact investor sentiment in the short term.