Bloomberg forecasts robust 27% growth for PSX by end of 2025

Bloomberg highlights that Pakistan Stock Exchange-100 Index ranked as the second-best performer globally this year


News Desk November 18, 2024

Bloomberg magazine has forecasted a robust 27% growth for Pakistan’s stock market by the end of next year, pointing to stabilising economic indicators and a steady currency as key drivers.

In an analysis piece, Bloomberg noted that Pakistan's stocks are likely to gain more than a quarter in value, supported by an economy showing signs of recovery and a more stable rupee. Data from the magazine highlighted that the Pakistan Stock Exchange-100 Index ranked as the second-best performer globally this year, underscoring its recent resilience.

Pakistan’s economy has gradually stabilised, with inflation cooling down from record highs, enabling the central bank to reduce interest rates in four consecutive meetings, now standing at 15%—the lowest rate in two years.

Bloomberg quoted analysts suggesting that Pakistan’s stock market could be “set for a potential re-rating” given the favourable factors of lower interest rates, a stable currency, and improving macroeconomic trends.

The publication also observed a growing interest from foreign investors, particularly in Pakistan’s debt and equity markets, which analysts believe could further support the market’s positive trajectory.

COMMENTS

Replying to X

Comments are moderated and generally will be posted if they are on-topic and not abusive.

For more information, please see our Comments FAQ