Posted 1/2/2024, 12:35:09 PM
Pakistan Stock Market Skyrockets 55% in 2023 as Economy Stabilizes
- Pakistan's stock market emerged as the best performing globally in 2023, with the KSE-100 index rising 55% over the year
- An IMF bailout package of $3 billion in June helped stabilize Pakistan's economy and currency, renewing investor confidence
- The appointment of an interim government and its reforms further lifted uncertainty and strengthened the rupee
- Record monthly foreign investment flowed into Pakistani stocks in November as IMF review progressed
- The KSE-100 hit an all-time high of 67,094 points in December, though faced a steep single-day 4% correction to end the year