Pakistan Stocks Jump Most in a Year as MSCI Seen Luring Cash
- Nation’s share market is already Asia’s best performer in 2016
- Expect outperformance from Pakistan equities: EFG Hermes
This article is for subscribers only.
Pakistani stocks jumped the most in a year on the prospect of hundreds of millions of dollars being lured to the market after MSCI Inc. said it would include the nation’s equities in its emerging-markets index.
Asia’s best-performing share market of 2016 could attract about $220 million of inflows, JPMorgan Chase & Co. said in a note following MSCI’s decision late Tuesday in New York. BMA Capital Management Ltd. sees Pakistan luring $300 million to $400 million in the first year, while EFG Hermes Holding SAE said last month that an upgrade could attract around $475 million by mid-2017.