Beating India, China: Pak equity market races ahead

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ISLAMABAD: Unshaken by the rise in US interest rates, Pakistan’s equity markets continue to beat China and India’s markets by a wide margin. In the last twelve months, Global X MSCI MSCI +% Pakistan ETF was up 16 per cent, 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 16% while iShares China (NYSE:FXI) was -1.5 per cent while iShares of S&P India 50 (NASDAQ:INDY) was-3.24% and iShares MSCI Emerging Markets (NYSE:EEM) was 1.10 per cent, the Forbes reported.

 

The Forbes further reported that Index/Fund 12-month Performance of Global X MSCI Pakistan (NYSE:PAK) was 20 per cent ,iShares China was 9.80 per cent and iShares S&P India 50 was 12.77 per cent and iShares MSCI Emerging Markets was reported 5.38 per cent.

 

 

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