Pakistan Achieves Best Stock Rally Since 2002 Amid Growth Surge
Pakistani stocks are set for their best annual gain in 22 years, driven by improving economic conditions and anticipated interest rate cuts
Pakistan, KSE-100 Index, Economic Growth, Interest Rates, IMF
Karachi: Pakistani stocks are really on fire this year! The KSE-100 Index has shot up about 86%, making it one of the best performers globally. Can you believe it? It’s the biggest annual gain in 22 years!
Traders are feeling optimistic as they bet on more interest rate cuts. Plus, the economy is stabilizing thanks to support from the International Monetary Fund. Even though growth was a bit slower than expected last quarter, things are looking up after narrowly avoiding a default last year.
Bilal Khan from Arif Habib Ltd. mentioned that the return of domestic mutual funds has played a big role in this rally. He believes that next year, foreign investors will start pouring in, especially since they can’t ignore Pakistan’s impressive performance.
So, it looks like the good vibes in the market are here to stay for a while. Exciting times ahead for investors in Pakistan!