Karachi November 28 2024: KSE-100 index open 1,2333 points positive today to reach 100,502 level as government policies continue to bring in stability after the IMF deal.
KSE-100 index provided return of 150 percent in last 17 months on IMF deal and drastic fall in inflation from 38 percent to 7.2 percent along with stability of Pakistan Rupee.
“New IMF loan coupled with fiscal and monetary discipline improving investors sentiments. Moreover, faster than expected, fall in inflation and interest rates adding cash liquidity to the stock market” states Muhammad Sohail CEO Topline Securities.
“Pakistan inspite of this rally trades at PE of 5x compared to the historical average of 7x” he added.
