Pakistan Stock Exchange Ranked First in Asia, Fifth Worldwide
Stock markets globally share a net worth more than US$ 70 trillion, with potential buyers and sellers bidding hefty amount of share every day in location from Asia to Middle East, New York to Japan all the way. Some stock markets in comparison to others are worth a lot more than others. As the year comes to an end for Pakistan Stock Exchange on this Friday, PSX 100 index has been ranked as the number one stock exchange in Asia and fifth across the globe.
PSX 100 closed today at 47,806 points and has collectively gained 14,990 points during the year 2016. However, the chase was not considered as one of the best around the world as Brazil’s IBOVESPA Index is ranked as the “best-performing index” list for the year 2016.
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Still, PSX performed at its best by generating above average gains in the year 2016. Karachi Stock Exchange (KSE – 100 index) total benchmark return gained 46 percent (US$ 45 %) in 2016 in comparison with last 10-year average return of just 20 percent. PSX remained on top among other Asian markets. Moreover, Pakistan Stock Exchange was ranked as No 1 in Morgan Stanley Capital International (MSCI) Frontier Markets.
Average volumes were increased by almost 14 percent to PKR 281 million, a total number of 70 billion shares were exchanged with a net worth of Rs 2.83 trillion, whereas average value was gained up to only 2 percent making Rs 11.6 billion in 2016.