The Pakistan Stock Exchange (PSX) is gearing up for a potential bull run, following the strong indication of country’s agreement with the International Monetary Fund (IMF). This news of potential deal has eased concerns about Pakistan’s ability to meet its external financial obligations, which has resulted in renewed investor confidence. As a result, the PSX’s benchmark KSE-100 index, which has been underperforming for years, is expected to experience significant gains.
Despite the positive outlook, the country is still grappling with political instability, as former Prime Minister Imran Khan faces disqualification over several issues. This ongoing uncertainty could potentially impact investor confidence, and may lead to some fluctuations in the market. However, analysts remain optimistic about the PSX’s future prospects, citing the country’s growing middle class and the potential for economic growth in the long term. Overall, the future looks promising for the PSX, as it continues to recover and build momentum towards a more stable and prosperous financial future.