![Will The Stock Market Continue Its Bullish Streak.](/wp-content/uploads/2023/11/Will-The-Stock-Market-Continue-Its-Bullish-Streak.png)
![Will The Stock Market Continue Its Bullish Streak.](/wp-content/uploads/2023/11/Will-The-Stock-Market-Continue-Its-Bullish-Streak.png)
The stock exchange currently has a high price-to-earnings ratio, reflecting profitability, according to various estimates.
Pakistan is in the IMF program to gradually restore imports and profits and has no choice but to implement a tight monetary policy, but high interest rates may drive investors out of the stock market.
With a 21% interest rate investors will shy away from investing in the stock market and have to offer a risk free return of over 21% to attract them to the stock market.
Investors with earlier losses will wait for the stock market to stabilize, as interest rate cuts, continuation of the IMF program and non-controversial elections in the near future could lead the stock market to further gains.