Tundra Fonder, a Swedish Asset Manager specializing in frontier markets, and the new emerging markets has commented that Pakistan Stock Market has the potential to almost double in the next two years.

The company is of opinion that with current pace of economic growth market could reach 80,000 points level from its current 40,000 levels. The Asset Manager mentioned that, if you look at Pakistani market closely, it is currently trading at its bottom from every level.

With an improvement in law and order, resolution of energy shortfall crisis the economy is poised to stage a growth trajectory. The only thing that remains to be seen is the Elections in the upcoming years.

As per the opinion of Frontiers Investment Management Partners view, the market is definitely oversold and according to them now is the best time to buy. The Management Team further mentioned that any shocks emanating from Rupee Devaluation have already been priced into the market and shares have already taken a pre-emptive fall.

Regarding the political situation, the firm said that the risks pertaining politics are overblown and share are currently prices at extremely attractive.