New Delhi, April 10 -- Christopher Wood, global head of equity strategy at Jefferies, finds Pakistan's stock market a good tactical play, especially around the International Monetary Fund (IMF) bailout cycles, as he highlighted the Karachi Stock Exchange's sharp outperformance vis-a-vis the Indian market since the last bailout.

In his latest edition of the weekly report, GREED & Fear, Chris Wood said that since the last IMF program in September 2024, the MSCI Pakistan Index is up 84% in US dollar terms, a period in which it has outperformed MSCI India by 124% in US dollar terms. However, to keep matters in perspective, it is only fair to point out that since the start of this century, India has outperformed Pakistan by 653% in US dollar ...