photo: fileIf I tell you that the stock market index has just crossed 50,000, then it must not be news for you if you are still investing in the market and watching the index on a daily, if not hourly, basis. The period from 2013 to 2017 was a remarkable chapter in the history of Pakistan stock market, characterised by an enthusiastic surge in performance, primarily attributed to the initiation of the China-Pakistan Economic Corridor (CPEC). This transformative project not only shaped Pakistan’s economic landscape but also ignited investor optimism, particularly impacting sectors crucial to CPEC. The announcement and subsequent initiation of the CPEC project brought a wave of optimism to Pakistan’s economic horizon. However, the cement sector went ahead of itself by announcing a huge expansion, and the resultant price war and the later struggle for market share resulted in oversupply.
