Pakistan's equity market leaves India and China behind: Forbes
Shares
ISLAMABAD (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.
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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 I Shares 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 Forbese reported.
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The Forbeese 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%.
