Stock Watch: PSX weekly recap — Massive gains, banking sector rally, and historic milestone

It was an exceptionally volatile week at the Pakistan Stock Exchange, with political noise driving the index to its largest single-day point drop, only for it to rebound sharply the following day, setting a new record for the highest single-day gains.

The week ended with a gain of 3,559 points at a historic high of 101,357 points.

Conventional banking stocks led the rally this week following the State Bank of Pakistan’s announcement that the Minimum Profit Rate would not apply on deposits of Financial Institutions, Public Sector Enterprises, and Public Limited Companies.

For a detailed breakdown of this week's stock market and future outlook, tune into the newest episode of 'Stock Watch'.