Pakistani tycoon Arif Habib said Asia’s best stock market rally in the past year may extend a further 20 percent led by banks, fertilizer and energy companies, rejecting concerns that the market has been supported by speculators.
As industries and the economy grow, Habib, the Karachi-born financier who has seen his fortune swell after his start as a stockbroker more than four decades ago to the head of a 14-company conglomerate, is putting his money where his mouth is by raising the group’s cement and steel output.
