Stock Watch: Pakistan’s stock market reaches a new all-time high
This week, the oil and gas exploration sector spearheaded the rally, followed closely by stocks in oil and gas marketing and fertilizers
The bullish trend in Pakistan's stock market continued this week, driven by sustained inflows of liquidity from fixed-income mutual funds into equities.
The benchmark KSE-100 Index surged by 5,248 points, or 4.8%, ending the week at 114,302 points.
This week, the oil and gas exploration sector spearheaded the rally, followed closely by stocks in oil and gas marketing and fertilizers.
In contrast, the banking sector experienced selling pressure as the government considers imposing taxes on profits derived from investments in government securities.
In the latest episode of 'Stock Watch', Nukta’s presenter, Shuja Qureshi, interviews Shankar Talreja, Director Research at Topline Securities, to discuss market volatility and the benefits of the FFC/FFBL merger.
Popular
Spotlight
More from Business
UAE's foreign trade surpasses AED3 trillion, outpacing global growth
Sharing the milestone on social media platform X, Sheikh Mohammed called it a “historic achievement” and credited UAE President His Highness Sheikh Mohammed bin Zayed for strengthening economic ties worldwide.
More from Video
Why is the stock market not trusted in Pakistan?
Only 0.14% of country's population invest in the equity market
Comments
See what people are discussing