Pakistan Stocks Extending Record Rally on Profits Ahead of Vote

Pakistan Stocks Extending Record Rally on Profits Ahead of Vote

Asim Hafeez/Bloomberg

A trader monitoring stocks is reflected on a computer screen at the Karachi Stock Exchange in Karachi. This year’s rally has driven the KSE 100 to trade at 7.8 times estimated earnings, the most expensive level in 22 months, according to data compiled by Bloomberg.