Pakistan Stock Exchange (PSX) continued to be among the top performing exchanges in the world, report reveals. According to Bloomberg, Pakistan’s stocks outshined world’s leading stock markets during the last three months and surged by 30 percent or almost 10,000 points.
“Pakistan’s stock market surged by 30 percent (almost 10,000 points) during the last three months and thus outperformed the leading stock markets,” stated the report adding, “Ireland’s stock market rose by 20pc, followed by Russia’s RTS index with a 15pc increase. Furthermore, the Sweden OMX Stockholm 30 and Germany’s DAX Index increased by 14pc, respectively in the previous three months.”
As per the report, Pakistan’s KSE-100 Index has reached to the highest level in seven months. The development is the outcome of the measures taken by the government to stabilize economy with a $6 billion loan from the International Monetary Fund (IMF) after a deficit blowout, reveals report.
Meanwhile, the bond yields have begun to fall after peaking around 14pc mid-year, allowing investors to look at riskier options.
Your email address will not be published. Required fields are marked *
17 November, 2019