May 04: Bloomberg Quint report by Faseeh Mangi states that a period of pre-election political limbo coinciding with an increasingly perilous economic backdrop is prompting predictions that a rally in Pakistan stocks is set for a reversal. The benchmark KSE100 Index will probably fall 10-15 percent in the run-up to elections in July or August, said Muhammad Rameez, the head of international sales at Foundation Securities Pvt. in Karachi. That would wipe out this year’s 10.6 percent gain in local-currency terms, the best performance in Asia.
Bloomberg Quint: Political Limbo in Pakistan Threatens Best Stock Rally in Asia
