Stock Watch

The KSE-100 index closed on a bearish note, losing 4,340 points or 3.7 percent to settle at 113,247

Nukta's Shuja Qureshi dives into 2025 market predictions with Mohammed Sohail of Topline Securities and Shahid Ali Habib of Arif Habib Limited in the latest episode of Stock Watch

It was a shortened trading week, with selling pressure from foreign investors and mutual funds curbing the initial gains

Profit-taking by mutual funds — who had been the primary drivers of the recent bull run — shifted the market sentiment

This week, the oil and gas exploration sector spearheaded the rally, followed closely by stocks in oil and gas marketing and fertilizers

Nukta Presenter Shuja Qureshi speaks to NBP Funds Management CIO Asim Wahab Khan to discuss whether the stock market has further growth potential

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

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

Mutual funds were the biggest buyers this week with net buying of $13.96 million followed by individuals buying equities worth $8.2 million

A higher-than-expected rate cut of 2.5% was cheered on at the Pakistan Stock Exchange

The KSE-100 index closed the week with a gain of 866 points or 0.96% at 90,860

The stock market was pricing in a number of positives

Nukta summarizes market activity last week and outlines the reasons the rally paused

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

Positive sentiments were driven by lower than expected inflation for September that clocked in at 6.9%

Positive sentiments were driven from last week’s rate cut of 200 bps as well as IMF’s board meeting scheduled for September 25

Brent crude closed 2.56% up at $74.6 per barrel, gold surged 2.78% to $2,566.85/ounce

Investors are also bracing for selling from foreign investors as a result of FTSE Russell downgrading Pakistan