Analysis: Impact of US rating downgrade on Pakistan markets
Economists are not certain that world economy is going to face another recession rather they say every market gets certain hiccups at the time of recovery. However, Pakistani market seems to be independent in their ups and downs over the long run, US downgrade and global stocks fall will not impact Pakistan stocks though certain shocks or hiccups can occur but on the whole Pakistan markets has no correlations with downgrading of US rating. Pakistan equity market seems to pick up again from Monday ahead of blue chips results. Standard & Poor's lowered United States (US) long term rating to AA+ on Friday mainly because of rising debt burden and budget deficit on back of political consequences that led US economy towards the brink of default. Though, US agreed to raise the debt ceiling in the start of the week but suspicions of recession and the rise of European crisis wiped $ 2.5 trillion off world stocks this week. Earlier on Friday expectations regarding globa...