Markets
Pakistan’s oil boom? PSX hits record high after Trump’s deal
The surge followed a tweet from U.S. President Donald Trump announcing a strategic partnership with Pakistan to develop its oil reserves
Aug 03, 2025
Aug 03, 2025
The surge followed a tweet from U.S. President Donald Trump announcing a strategic partnership with Pakistan to develop its oil reserves
Despite futures rollover, investors remained upbeat, consistently buying on dips
By week's end, the benchmark index posted a 3.2% gain, closing at 138,597 points
The banking sector led the charge, contributing 1,329 points (56%) to the index
The new fiscal year kicked off with a powerful rally at the Pakistan Stock Exchange
It was a rollercoaster week at the Pakistan Stock Exchange, marked by sharp swings driven by geopolitical tensions
Pharmaceutical and select cement stocks were among the hardest hit, contributing significantly to the week’s losses
Watch for a discussion on market direction and strategies for investors navigating this uncertain climate
Anticipation of pro-construction policies in the forthcoming federal budget drove cement and steel stocks upward
Market sentiment remained cautiously optimistic amid speculation over sector-specific incentives and policy shifts in the new fiscal budget
The benchmark KSE-100 index closed the week down by 546 points, marking a 0.46% decline, settling at 119,103
The Pakistan Stock Exchange witnessed a remarkable surge this week, fueled by two major developments
A sharp mid-week dip sparked concern among traders, with uncertainty dominating the trading floor
Watch for expert insights on corporate results and the market outlook
KSE-100 index climbs 2.1%, settling at 117,316 points
Selling pressure from foreign investors and mutual funds turned the sentiment negative
Banking stocks rallied as investors eyed potential quarterly dividends, and a reduction in power tariffs bolstered cement stocks
Watch the discussion on the potential stock market trends post-IMF staff-level agreement
Presenter Shuja Qureshi interviews Sana Tawfiq, Head of Research at Arif Habib Limited, on the conclusion of the IMF program review
Watch an insightful discussion on the IMF program review's completion and its implications for the stock market