Wednesday, April 18, 2007

Pakistan Stocks Favorite in Asia on Growth, Easing Tensions, Merrill Says

(Bloomberg) -- Pakistan stocks, near a year-old record high, are the region's best bet as the economy expands and political tensions ease, according to Merrill Lynch & Co.

``Pakistan is my favorite market,'' Mark Matthews, the brokerage's new chief Asian strategist, said in an interview in Singapore yesterday. ``It's really a domestic story, as only 15 percent of the economy comes from exports.''


Read more at Bloomberg Stocks News

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