Stock Bulls in India, Pakistan Anticipate Rebound After Truce
Stocks in India and Pakistan are set for a relief rally following a surprise ceasefire agreement between the two nuclear-armed neighbors on Saturday, as investor focus shifts back to improving economic outlook.
Foreign investors, who had been on a 16-day buying streak in Indian shares until the clashes flared up Friday, may resume flows as volatility subsides. Meanwhile, in Pakistan, the International Monetary Fund's approval of $1 billion in immediate disbursement along with a new $1.4 billion plan for climate resilience will be a booster for its fragile finances.
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