In the last week, the huge growth in Pakistan's share market caught the attention of investors around the world. Last Friday, investors in The Karachi stock market could find themselves to be the participants in a record breaking gain for the stock exchange. The KSE-100 had an increase of 3.9% or 451 points and in the end of the day the index stood to 11,937 points (all time high for the market). This record breaking performance was a sharp contrast to the 13% drop in index between Feb. 23 and March 13.
The two sectors that are popular among the investors are cement and baking. However, not everyone is excited with the record jump in share market in Pakistan. It is true that the economy of Pakistan is growing at a healthy rate but Pakistan is still a poor country and the increase in share market is a bit too much.
Pakistan is yet to recover fully from the devastation of earthquake of 8 October 2005. Political stability can get disrupted anytime. Most of all, terrorist attacks and sectarian violence are always looming and seriously disrupt the share market.
Like all the investors in Pakistan, I also wish that the share market can grow steadily and does not suffer a serious crash like some other countries.
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