Economy / Pakistan
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Elections: Market Implications
February 2008 | Market StrategySorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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BMI View: Although markets responded positively following the relatively peaceful elections this week, the potential for some downside remains as opposition parties commence negotiations to form a coalition government. Going forward, we highlight a potential disparity between the fortunes of the rupee and Karachi Stock Exchange (KSE) index; the former will likely resume depreciating due to Pakistan's weak economic fundamentals, whereas the latter could continue to post record highs.