Karachi: A US-based magazine, Bloomberg, has forecasted a 27 percent growth for Pakistan’s Stock Market by the close of next year. The analysis suggests that the country’s stock market could rise significantly, with Pakistan’s economy showing signs of improvement and currency stabilization.
According to Ministry of Information and Broadcasting, Bloomberg’s data indicates that the Pakistan Stock Exchange-100 Index has been the second-best performer globally this year. The country’s economy has seen stabilization with inflation easing from record highs, enabling the central bank to reduce interest rates over four consecutive meetings to 15 percent, the lowest rate in two years.
Analysts quoted in the magazine suggest that the Pakistan Stock Market may be poised for a potential re-rating due to declining interest rates, a stable rupee, and improving macroeconomic indicators. Furthermore, they note that Pakistan is increasingly attracting foreign investors, particularly in its debt and equity markets.
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