The US–Iran deal has finally materialized, triggering a sharp correction in international oil prices and helping boost market sentiment this week.
Investor confidence was further supported by the State Bank of Pakistan’s decision to maintain the policy rate, alongside a better-than-expected current account surplus. As a result, the PSX gained nearly 4% over the week.
However, with the market now trading above pre-war levels and valuations approaching historical averages, the key question is whether further upside remains.
In this latest episode of Stock Watch, powered by Chase Securities, we explore the catalysts that could drive a further valuation re-rating and what it would take for the market to surpass its previous all-time high of 192,000 points.
