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 witnessed double digit growth after eleven quarters where index was up by 12% QoQ basis. It was also up 11% in USD terms in 3Q2023.</li><li>Better than expected IMF Stand By Agreement (SBA) in Jul-2023, stable currency, and announcement of election helped sentiments in last quarter.</li><li>As per Bloomberg data, Pakistan market remained sixth Best Performing market after Turkey (+37%), Romania (+27%), Srilanka (+15%), Egypt (+14%), and Ghana (+12%) in 3Q2023.</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 witnessed double digit growth after eleven quarters where index was up by 12% QoQ basis. It was also up 11% in USD terms in 3Q2023.Better than expected IMF Stand By Agreement (SBA) in Jul-2023, stable currency, and announcement of election helped sentiments in last quarter.As per Bloomberg data, Pakistan market remained sixth Best Performing market after Turkey (+37%), Romania (+27%), Srilanka (+15%), Egypt (+14%), and Ghana (+12%) in 3Q2023.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.

Karachi Stock Exchange Kse100 Index (KSE100 INDEX)

Pakistan Strategy: Pak Market Recover 12% in 3Q2023; Amongst Top Performing Markets