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PSX among world’s top performing exchanges

Syed Umarullah HussainiWeb Editor

21st Nov, 2019. 12:55 pm
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Pakistan stock exchange

Business Magazine Bloomberg has reported that Pakistan Stock Exchange continued to be among the top-performing exchanges in the world after Pakistan’s stocks outshined the world’s leading stock markets during the last three months.

Pakistan’s stock market surged by 30 percent (almost 10,000 points) during the last three months and thus outperformed the leading stock markets. Ireland’s stock market rose by 20pc, followed by Russia’s RTS index with a 15pc increase.

Furthermore, Sweden OMX Stockholm 30 and Germany’s DAX Index increased by 14pc, respectively in the previous three months.

The report added that Pakistan’s KSE-100 Index has advanced to the highest level in seven months. The development comes as a result of measures taken by the government to stabilize the economy with a $6 billion loan from the International Monetary Fund (IMF) after a deficit blowout.

Meanwhile, the bond yields have begun to fall after peaking around 14pc mid-year, allowing investors to look at riskier options.

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