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.

 

[RAMPAGE]

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.

Every government has been borrowing from commercial banks at commercial interest rates. What interest rate do you think PTI borrowed at from Pakistani banks?

 

[That_Guy]

Every government has been borrowing from commercial banks at commercial interest rates. What interest rate do you think PTI borrowed at from Pakistani banks?

Local debt is different from international debt.

This was forced.

 

[Oscar]

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.

doge coin is more reliable investment than the stock performances of Pakistan

 

[RAMPAGE]

Local debt is different from international debt.

This was forced.

Would you rather it finances more or all of Pakistan's fiscal deficit?

 

[hasn2009]

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

PTI followers will just broadcast their best year, and PMLn's worst. And PMLn's supporters will just broadcast PTI's worst year and their own's best:

Here is more broader look, here you can see who did the most damage to the economy in the history of country(non-war times):

 

[nahtanbob]

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.

Nope. You could have gotten a cheaper loan and satisfied the IMF. No one would provide you the cheaper loan. Not even your iron brother.

 

[That_Guy]

PTI followers will just broadcast their best year, and PMLn's worst. And PMLn's supporters will just broadcast PTI's worst year and their own's best:

Here is more broader look, here you can see who did the most damage to the economy in the history of country(non-war times):
View attachment 66112

GDP totals are misleading, they don't show the health of an economy, but rather the total value.

 

[That_Guy]

Would you rather it finances more or all of Pakistan's fiscal deficit?

I would rather Pakistan get it's shit together and actually fix it's financial system, rather than trying to buy votes or worry about political backlash.

Someone needs to be the necessary evil in Pakistan, if Pakistan is to survive.