Bull run in Pakistan Stock Exchange :PSX

 Bull run in Pakistan Stock Exchange :PSX

Pakistan Stock Exchange (PSX) started of 2021 on a bullish run as it emerging as

 the 2nd best perform market in the region and 7th best perform

market in the world in the month of January.

Companies like Oil and Gas Development Company, Pakistan Petroleum and Pakistan Oilfields posted substantial gains as crude oil prices in the 

international market went up further to entice investors to buy new positions.

The report was of the view that the State Bank of Pakistan (SBP) latest introduction of forward guidance 

on its monetary policy, provided much-needed clarity to investors and to the business community and 

helped to evaporate any uncertainty over the interest rate outlook, which helped uplift sentiment in the local bourse.

Other reasons for the optimism during January include the diluting political noise as the PDM protests seem to be a 

non-issue threat to the stability of the government.

With the pandemic down and the reopening of business hubs across 

Pakistan, the PSX has defeated odds and come out stronger .Foreigns investors, who remained net sellers at the PSX for the past couple of years, 

have emerged as net buyers in August 2020.