Pakistan Stocks Near Record High After Biggest Foreign Buying in a Decade

[FOOLS_NIGHTMARE]

• KSE-100 among top performing stock gauges in the world in 2024
• Foreign funds buy shares worth $87 million so far this year

The Pakistan Stock Exchange in Karachi.

Stocks 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 KSE-100 index gained 1.1% to close just shy of the previous record of 81,865.10, after touching a new high earlier in the day. The gauge has risen more than 30% this year, aided by foreign investors’ net purchases of $87 million in local shares, the highest since 2014, data compiled by Bloomberg showed.

For more follow the link below.

Pakistan Stocks Hit Record High After Biggest Foreign Buying in a Decade

Stocks in Pakistan closed near their record high on Thursday as robust foreign inflows and improving macro-economic indicators boosted sentiment.

www.bloomberg.com

 

[Mrc]

Youthya kush thread

 

[That_Guy]

Based on false promises and fake data.

No mention that the loan that PMLN is taking from the IMF has an insanely high interest rate of 11%, or that exports still have not recovered due to SS's incompetence.

The economy is rapidly declining, and the stockmarket does NOT reflect that, nor will it ever.

We went from 6% growth to barely 2% under the incompetence of PMLN.

 

[Jango007]

Mean while Sharif chour tubbar took $200M to London ......

 

[PakFactor]

Based on false promises and fake data.

No mention that the loan that PMLN is taking from the IMF has an insanely high interest rate of 11%, or that exports still have recovered due to SS's incompetence.

The economy is rapidly declining, and the stockmarket does NOT reflect that, nor will it ever.

We went from 6% growth to barely 2% under the incompetence of PMLN.

I will put it this way: in the Pakistani Stock Market, there are approximately ten investment houses that play giant whales in Pakistan that can shift the market between themselves. Within the market, the little one will get crushed and money sucked out of him unless he's aligned with those ten brokerage houses.

It is nothing more than a laundry machine to clean dirty money.

I find these foreign funds just a name game. A few Pakistani Indexes were killed, one of which was the Global X Pakistan ETF, due to performance. ETFs will buy the world market, but distributing it among all countries doesn't show confidence in Pakistan by itself.

The inflation report was wholly based on manipulated data. I mentioned in a previous forum that we should not trust much of the financial data coming from the current government.

 

[RAMPAGE]

No mention that the loan that PMLN is taking from the IMF has an insanely high interest rate of 11%, or that exports still have recovered due to SS's incompetence.

11%? Surely, you are mistaken? Source?

 

[That_Guy]

11%? Surely, you are mistaken? Source?

Govt secures $600mn loan at 11% interest rate from SCB London

Pakistan faces highest-ever commercial loan rate to qualify for $7 billion IMF program

profit.pakistantoday.com.pk

To clarify, Pakistan had to borrow half a billion from another institution at 11% to qualify for the IMF loan. So it's essentially an IMF dictated rate.

The IMF FORCED Pakistan to take this deal.