ISLAMABAD: The Pakistan Stock Market (PSX) has been one of the best performers internationally this year, said a Bloomberg report.
“Pakistan’s stock market has been one of the best performers globally this year, buoyed by improving economic outlook and a crucial initial loan deal with the International Monetary Fund in July,” it says.
Data compiled by Bloomberg showed the gauge has increased more than 30 percent this year, aided by foreign investors’ net purchases of US $87 million in local shares, the highest since 2014.
It said Pakistan’s current account balance has improved in the past months, and the State Bank of Pakistan has cut interest rates as inflation is easing.
Stock Exchange in Pakistan closed near their record high on Thursday as robust foreign inflows and improving macro-economic indicators boosted sentiment.
Pakistan Stock Exchange’s benchmark 100 index gained 1.1 percent to close just before the last record of 81,865.10.
