Bloomberg has recognized the Pakistan Stock Exchange (PSX) as one of the top-performing markets globally in 2024.
The PSX 100 index recently experienced its highest level of foreign buying in a decade, with foreign funds purchasing shares worth $87 million this year.
The benchmark KSE-100 index rose 1.1%, nearing its previous record of 81,865, after briefly touching a new high earlier in the day. According to Bloomberg data, the index has surged over 30% this year, driven by foreign investors’ net purchases, the highest since 2014.
The Bloomberg report highlighted a positive trend in foreign investment, alongside improving economic indicators.
In June, the KSE-100 index was named Asia’s best-performing market, boasting a 27% gain in dollar terms. Bloomberg noted that prospects for further gains are increasing, supported by one of Asia’s lowest valuations and a budget aimed at securing a new IMF loan.
