Pakistan stock market is going to watch a number of events closely where ongoing negotiations with IMF remain paramount and an agreement there will prove to be a significant stimulus for the market. However, political arena is also heating up with opposition parties staging protest across the country. Even though protests in their current form will largely be a non-event from stock market’s vantage, any escalation in tensions can weigh heavily over the market.
Lastly, notification of DG ISI’s appointment is still awaited which again will be a significant trigger for the market, in our view.
Courtesy – AKD Research