External broker reports(aggregated public sources), Topline Securities

Topline Securities

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External broker reports(aggregated public sources)

Cross Asset Strategy

<ul><li>Pakistan's benchmark KSE-100 index up 7% QoQ in rupee terms and 9% QoQ in USD terms in 1Q2024.</li><li>This was fourth consecutive quarter of positive closing. Market is up 58% in last 4 quarters.</li><li>Successful IMF's second and final staff-level agreement under Stand By Agreement (SBA), smooth transfer of power to new government, stable currency, and a 45% growth in earnings reported by KSE 100 companies in 2023 helped boost sentiments in the outgoing quarter.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Pakistan's benchmark KSE-100 index up 7% QoQ in rupee terms and 9% QoQ in USD terms in 1Q2024.This was fourth consecutive quarter of positive closing. Market is up 58% in last 4 quarters.Successful IMF's second and final staff-level agreement under Stand By Agreement (SBA), smooth transfer of power to new government, stable currency, and a 45% growth in earnings reported by KSE 100 companies in 2023 helped boost sentiments in the outgoing quarter.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Pakistan Strategy - New IMF Program, Inflation & Budget Key Triggers for Next Quarter