And World's Top Market Is...Pakistan
Around the world, equity markets are grappling with tough times. Except in Pakistan. Despite jitters over the conflicts in Afghanistan and Iraq to the west and continuing tensions with neighboring India to the east, Pakistan's tiny stock market is scoring record gains. Indeed, Bloomberg ranks the KSE-100, the benchmark Pakistani index, as the world's top-performing stock market. Despite a correction early this year, the index is up 51.4% for the 12-month period that ended on Mar. 31. Barring some sort of political or war-related catastrophe, the market seems poised to continue its steady upswing.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- The Latest on the Political Turmoil in Zimbabwe
- Goldman Sachs Sees Four 2018 Fed Rate Hikes as U.S. Growth Gains
- Norway Oil Bosses Insist End Isn't Nigh After $35 Billion Shock
- Bitcoin Soars Past $8,000 as Technology Shift Concern Vanishes
- Subways May Be the Latest Casualty of China's Crackdown on Debt