(Bloomberg) -- Pakistani stocks, Asia's best
performers since President Pervez Musharraf seized power in a coup
eight years ago, may be set for a selloff as his bid for a new
five-year term meets widespread public opposition.
The rally has made shares 40 percent more expensive than
their eight-year average, according to Invisor Securities Ltd. in
Karachi. At the same time, average annual economic growth of 7.5
percent over the past four years is pushing up inflation and
interest rates.
Read more at Bloomberg Exclusive News
performers since President Pervez Musharraf seized power in a coup
eight years ago, may be set for a selloff as his bid for a new
five-year term meets widespread public opposition.
The rally has made shares 40 percent more expensive than
their eight-year average, according to Invisor Securities Ltd. in
Karachi. At the same time, average annual economic growth of 7.5
percent over the past four years is pushing up inflation and
interest rates.
Read more at Bloomberg Exclusive News
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