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Pakistan stock market set to rise in 2024

Pakistan's stock market is supposed to go above 80,000 levels toward the end of 2024, as the nation goes through economic reforms, monetary easing, and better macroeconomic indicators.

As per research report by AKD Research, the market development will be unpredictable in 2024, because of two significant checkpoints which incorporate the external funding facilities, particularly the IMF program, and the general elections toward the beginning of February 2024.

Be that as it may, these occasions will likewise set out open doors for investors to purchase stocks at low valuations, as the market right now exchanges at multi-year low price to-earnings (P/E) proportions.

Interest fees will decrease by 500 basis points in 2024, beginning from Spring, as the inflationary tensions ease and the money supply development dials back. The average consumer price index (CPI) is likewise expected to drop from 25.3% in 2024 to 11.5% in 2025.