Pakistan’s Stocks are “World-Beating”; Bloomberg Report

Pakistan’s Stocks

On Monday the strong economic indicators of Pakistan were endorsed after Bloomberg—the international economic journal termed the stocks of Pakistan as “world beating”.

As per the report of Bloomberg, the foreign investors have bought $64 million of the country’s stocks this year, setting for the first yearly inflow since 2014.

The rally that has helped Pakistan stocks trounce the rest of the world in the past 3 months is not done yet, the report read and added that Pakistan Stocks once again have become a lucrative market for the big investors.

Also Read: Price Control is Govt.’s Next Big Challenge; Says Asad Umar

The KSE-100 Index of Pakistan has advanced to the highest level in 7 months, after falling to the lowest in nearly 5 years in August, in mid of the attempts by the government to stabilize the economy with a $6 billion loan from the International Monetary Fund following a deficit blowout.

In the meantime, the bond results have begun to fall after peaking around 14percent mid-year, making debt investments less attractive, as per the report.

The report also admits that Pakistan made has made just enough to progress on the global anti-money laundering and counter-terrorism financing standards in Octobers for escaping being placed on a blacklist.

More Read: Pakistan Re-elects to the Executive Board of UNESCO

Leave a Reply

Your email address will not be published. Required fields are marked *