Bloomberg projects 27pc growth for PSX by end of 2025

ISLAMABAD: A US-based magazine ‘Bloomberg’ has projected 27 per cent growth for Pakistan’s Stock Market by the end of next year.

In an analysis piece, the magazine writes that Pakistan’s stocks are expected to advance by more than a quarter as the nation’s economy has shown improvement while the currency has also stabilized.

The magazine data shows that Pakistan Stock Exchange-100 Index remained second best performer this year globally, Radio Pakistan highlighted.             

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Pakistan’s economy has stabilized with inflation easing from record levels that has allowed the central bank to cut the interest rate for four straight meetings to 15 per cent, the lowest in two years.                                      

The magazine quoted analysts as saying that Pakistan Stock Market is set for a potential re-rating with declining interest rates, stable rupee, and improving macroeconomic indicators.                  

They said Pakistan is also increasingly attracting the foreign investors, particularly in its debt and equity markets.