PAKISTAN BANKS LIKELY TO RALLY AFTER RATE HIKE: CREDIT SUISSE

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Sept. 16 (Bloomberg) — Pakistan equities expected to react negatively to surprise rate hike, with a short-term pullback likely in store, Credit Suisse analyst Farhan Rizvi writes in report today. Highly leveraged sectors such as fertilizers, cements and textiles would be most impacted Banks expected to rally amid likely expansion in margins in 4Q13 with an annualized profit impact of 5-7% in 2014 MSCI Pak still trades at an attractive 12M forward P/E of 7.6x, 13% historical discount: Credit Suisse

Sanie Khan

Sanie Khan holds a deep knowledge of the financial markets in Pakistan. Based in Karachi, he has over 20 years of hands-on management experience in financial technologies and managing operations in the financial sector. He was the General Manager at the Pakistan Stock Exchange (PSX) for 17 years. He along-with senior members of Exchange

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