Bloomberg projects 27pc growth for Pakistan Stock Exchange by 2025 end

Islamabad: A US-based magazine 'Bloomberg' has projected 27 per cent growth for Pakistan's Stock Market by the end of next year.

In an analysis piece, the magazine writes that Pakistan's stocks are expected to advance by more than a quarter as the nation's economy has shown improvement while the currency has also stabilized.

The magazine data shows that the Pakistan Stock Exchange-100 Index remained the second-best performer this year globally.                            

Pakistan’s economy has stabilized with inflation easing from record levels that have allowed the central bank to cut the interest rate for four straight meetings to 15%, the lowest in two years.                                       

The magazine quoted analysts as saying that the Pakistan Stock Market is set for a potential re-rating with declining interest rates, stable rupee, and improving macroeconomic indicators.                   

They said Pakistan is also increasingly attracting foreign investors, particularly in its debt and equity markets.