Pakistan's benchmark share index crosses 100,000 for first time
- Posted on November 28, 2024
- By Business News Today
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Pakistan's benchmark share index crosses 100,000 for first time
Pakistan's stock market soared past 100,000 points for the first time, fueled by a $7 billion IMF bailout and improved economic stability. Inflation and interest rates have dropped faster than anticipated, boosting liquidity. Despite a recent 60% surge this year, the market's price-to-earnings ratio remains below its historical average, suggesting potential for further growth.