PHOTO: FILEPakistan’s stock market is soaring and it just recently crossed a record high. The rule is: The better the economy the better the stock market performance. The phenomenon where a stock market reaches record highs while the broader economy suffers is not unique to Pakistan. Meanwhile, the broader population, facing unemployment and inflation, does not benefit from stock market gains, creating a disconnect between the stock market and the real economy. The soaring stock market amid a collapsing economy in Pakistan is a complex phenomenon with historical precedents and theoretical explanations.

Source: The Express Tribune June 17, 2024 16:16 UTC