Index up 23% since Pakistan signed IMF Pakistan is World’s Second-Best Stock Market as Key Index Crosses 50,000loan pact in June
- Rupee has rebounded about 10% from a record low in September.
Why? “The recent recovery in Pakistan’s rupee, the secondary debt market hinting at peak rates and inflation readings will help channel fresh funds back to equities at current very attractive multiples,” says Faisal Bilwani, Alflaf CSLA.
The recent surge in global oil prices could play spoilsport for the ongoing rally in Pakistan’s stocks.
Crude prices have jumped 10% since Israel-Hamas war broke out on October 7, Asia Frontier Cap stated.
Valuations are still cheap and a successful IMF review can potentially unlock new highs for Pakistan equities,” says Adnan Khan at IMS trade online.