August saw the KSE100 gain 14.3% in US$, as confidence returned and the PKR recovered. Volumes rebounded too
The IMF programme has resumed, but floods complicate the recovery while politics still has the potential to jar
It may take until the new elections for a new cycle to start, but the risk-reward is already deeply attractive
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Valuation Methodology: We use multiple valuation methodologies in arriving at a Target Price including, but not limited to, Discounted Cash Flow (DCF), Dividend Discount Model (DDM) and relative multiples based valuations.
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