Author: Tariq Mehmood
Tariq Mehmood has over 12 years of experience reporting on Pakistan's economy, the Pakistan Stock Exchange (PSX), inflation trends, and the corporate sector. An alumnus of IBA Karachi, his work focuses on simplifying complex financial policies and economic updates for everyday readers. Tariq relies strictly on verified data, authentic corporate disclosures, and official reports from the State Bank of Pakistan.
Pakistan Stock Exchange closed the week on a strong note, with the benchmark KSE-100 Index gaining 3.03 percent on a week-on-week basis to settle at 181,430.02 points. The index added 5,335.90 points during the week ended August 7, up from 176,094.12 points recorded the previous week. Market capitalisation also grew, rising by Rs150.62 billion to reach Rs5.154 trillion. Analysts linked the rally mainly to improving confidence around regional security after Pakistan, Saudi Arabia and Turkiye signed the Makkah Joint Defence Agreement. Under the pact, the three countries agreed to treat an attack on any one of them as an attack…
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