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"Consider that household debt/GDP in India is just 19% vs. 48% for China and that only 2% of Indian households have life insurance. Manufacturing and services PMIs have rallied consistently since the end of Covid restrictions in contrast to the rapid fade seen in China. As well, real estate transaction volumes and construction have broken out to the upside," the analysts said in a report.

Market watch: KSE-100 rises on return from holidays Benchmark index gains 621.64 points to close at 45,796.31 PHOTO: ONLINE KARACHI: Bulls dominated trading at the Pakistan Stock Exchange (PSX) during the first trading session on Monday after the week-long Eid holidays amid renewed optimism. Market players took cue from a host of positive developments during the week. Investor sentiment, which kept on fluctuating on the last trading day (May 6) before the long break, settled down due to clarit...