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Pakistan's market bounced back faster than almost any other in Asia from the global sell-off early this year during a five-month bull run.    © EPA/Jiji
Market Spotlight

Retail investors help drive Pakistan market rebound

Rate cuts, IPOs and tax enforcement persuade many to put money into stocks

MIFRAH HAQ, Contributing writer | Pakistan

KARACHI -- The omens have not been promising for Pakistani stocks.

The economy is officially in recession for the first time in almost 70 years. The International Monetary Fund has suspended financial aid after the government fell behind on reforms. Double-digit rises in food prices are sparking street protests while opposition parties are showing rare unity to seek the ouster of the current government.

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