Global funds eye Pakistan as 84pc stock rally set to continue

Some of the world’s top money managers are once again warming up towards Pakistan’s $50 billion market after the returns last year were among the best globally, Bloomberg reported on Wednesday. According to the report, asset managers from companies such as BlackRock Inc. to Eaton Vance Corp, are “warming up” to the country’s stock exchange, which handed investors 84 per cent returns in 2024. “Attractive valuations and a stabilising economy have improved the outlook for local shares, with Intermarket Securities Ltd predicting a gain of about 40pc for the main KSE-100 Index this year,” it stated. “You don’t have to stretch your imagination to make an investment case for Pakistan,” said Steven Quattry, New York-based portfolio manager at Morgan Stanley Investment Management Inc, told Bloomberg.