Pakistan’s market leaves India and China in dust: Forbes

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ISLAMABAD, Nov 29 (APP): Unshaken by the rise in US interest rates, Pakistan’s equity markets continue to beat China and India’s markets by a wide margin.

In the last twelve months, Global X MSCI MSCI +% Pakistan ETF was up 16%, beating India’s and China’s comparable ETF’s, which were in negative territory for the year, a Forbes recent report said.

Highlighting the performance of Index/Fund 12-month of Pakistan, India, China and others said that Index/Fund of 12-month Performance Global X MSCI Pakistan (NYSE:PAK) was up by 16% while iShares China (NYSE:FXI) was -1.5% while iShares of S&P India 50 (NASDAQ:INDY) was-3.24% and iShares MSCI Emerging Markets (NYSE:EEM) was 1.10%, the Forbes reported.

The Forbes further reported that Index/Fund 12-month Performance of Global X MSCI Pakistan (NYSE:PAK) was 20%, iShares China was 9.80% and iShares S&P India 50 was 12.77% and iShares MSCI Emerging Markets was reported 5.38%.