Pakistan's equity market outperforming China's, India'smarkets: Forbes
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ISLAMABAD (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.
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"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.
