KARACHI: The Pakistan Stock Exchange (PSX) is anticipated to be on solid ground next week as a result of the Financial Action Task Force (FATF) triumph and anticipation of the Asian Development Bank (ADB) releasing $1.5 billion soon, but political dangers continue to exist.
The primary indicator of Pakistan’s capital market, the KSE-100 benchmark index, increased by 265 points or 0.62% week over week. Analysts attributed this to a 73% year over year and 53% month over month decline in the country’s current account deficit in September amid bets that this would be Pakistan’s final week on the FATF’s list of nations that are subject to increased monitoring for money laundering and terrorism financing.
