Bloomberg has identified the Pakistan Stock Exchange (PSX) as one of the best-performing markets worldwide in 2024. The PSX witnessed its highest level of foreign investment in a decade, with foreign investors purchasing shares worth $87 million this year.
The benchmark KSE-100 index climbed by 1.1%, approaching its previous record of 81,865 points after briefly hitting a new high. According to Bloomberg, the index has surged by more than 30% this year, marking the highest level of foreign buying since 2014.
The report highlighted a favorable trend in foreign investment, coupled with improving economic indicators. In June, the KSE-100 was named Asia’s best-performing market, with a 27% gain in dollar terms. Bloomberg also noted that prospects for further growth are bolstered by low valuations and a budget focused on securing a new IMF loan.
