Macro Analysis /

Pakistan Strategy: Limited triggers in July may extend sideways performance

  • In US$ returns, FY21 was the best year for the Pakistan Market since FY04

  • Strong returns led by lower interest rates and robust corporate profits, backed by sharply higher trading activity

  • The risk-reward remains attractive but FY22f may commence on a sideways note due to a lack of triggers

Raza Jafri
Raza Jafri

Executive Director, Research

Intermarket Securities
1 July 2021


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