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Stock Watch: What was behind Pakistan's stock market rally last week?

The KSE-100 index gained 1,951 points to close at yet another record high level of 85,483 points

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Shuja Qureshi

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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.

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Stock Watch: What was behind Pakistan's stock market rally last week?play icon
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This week, the Pakistan Stock Market's benchmark KSE-100 index gained 1,951 points to close at yet another record high level of 85,483 points.

Investor interest remained strong in the oil and gas exploration and production and banking sector stocks.

A statement from the visiting Saudi Minister of Investment Khalid A. Al Falih regarding Manara Minerals investment in Reko Diq project further boosted the sentiment in OGDC and PPL.

Foreign selling eased a little this week as foreigners sold equities worth $22.65 million compared to net selling of $26.05 million last week.

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