ISLAMABAD, Sep 15 (APP): Pakistan’s equity market has
been outperforming China’s and India’s markets by a big margin in recent years.
In the last twelve months, Global XMSCI MSCI +% Pakistan
ETF was up 20%, beating India’s and China’s comparable ETF’s by almost two to one, according to an article published in Forbes an American business magazine, published bi weekly.
“That may come as a big surprise to some. Pakistan has
been suffering all sorts of terrorist attacks …,” remarked
the Forbes article, contributed by Panos Mourdoukoutas.
Highlighting the reasons behind good performance of
Pakistan’s market, the Forbes Contributor articulated:
“…Terrorist attacks don’t usually affect financial
markets, unless they are disruptive to trade, which hasn’t
been the case in Pakistan …, its market reform efforts have
been getting a couple of votes of confidence from overseas
like $1 billion in support from the World Bank and a couple
of domestic acquisitions from foreign suitors like the
acquisition of Karachi’s K Karachi by Shanghai Electric Power
Co.”
“While Pakistan’s market has been getting a couple of
endorsements from overseas institutions and investors, China’s markets have been unsettled, … And while India
has stayed on course with reforms, execution is a problem,”
the article remarked.
