Pakistan outperforms global indexes on back of foreign participation

[farhan_9909]

During June 30 and December 7, foreign investors were buyers of Rs40.66 billion and sold Rs24.89 billion worth of securities. PHOTO: REUTERS

[SUP]ISLAMABAD: Pakistan's stock markets have outperformed the global stock markets including India, China, Hong Kong, Tokyo, USA and UK during the period June 30 to December 7. Stock analyst, Zaheer Ahmed told APP that the participation of foreign investment was the main reason behind the better performance of the Karachi Stock Exchange (KSE).
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During June 30 and December 7, foreign investors were buyers of Rs40.66 billion and sold Rs24.89 billion worth of securities, bringing the net buying meter to a whopping Rs15.77 billion during the period, according to data maintained by the from National Clearing Company Limited.

In addition, better returns on local stocks have also attracted foreigners to cash on opportunities which they did not find in other global markets, he added. Ahmed said that aside from this, local investors had found the best avenue in the shape of Pakistan's capital market due to consecutive decline in the interest rates.

The benchmark KSE-100 index has climbed 21.8% from 13,801.41 to 16,807.91 during the last six months. In the same way, the US S&P 500 registered an increase of 3.8%, Britain's FTSE 100 was up 5.8%, Tokyo's NIKKEI 225 was up 5.8%, Hong Kong's Hang Seng climbed 14.1% but China's Shanghai Composite was down of 7.4%.

Published in The Express Tribune, December 20th, 2012.

Pakistan outperforms global indexes on back of foreign participation, say analysts – The Express Tribune

 

[farhan_9909]

Re: Pakistan outperforms global indexes on back of foreign participati

Low risk, high returns: KSE among best performing bourses in Asia

KARACHI:

Pakistan's stock market has been one of the best performing in Asia in the calendar year 2012 and this comes despite unresolved issues like a decelerating economy, power shortages and security concerns.

In a report issued by brokerage house Topline Securities on Monday, it said the benchmark Karachi Stock Exchange 100-share index rose a startling 48% in local currency and 37% in dollar terms in the outgoing year, with only nine trading sessions left.

Major boost to equities came from declining interest rates that came down by 450 basis points in the last 18 months (250 bps in 2012). Resolution of capital gains tax-related issues, improved foreign flows in equities, rising consumerism, better corporate earnings and relative calmness on political scenario also supported the share prices.

Topline said the market worth of the Karachi bourse jumped 43% to Rs4.2 trillion during the year. However, in dollar terms the market capitalisation was still down 42% from its peak of $75 billion reached on April 18 this year.

Commenting on the volume, the brokerage house said average daily traded value stood at Rs4.7 billion in 2012 compared to Rs3.5 billion in 2011, an improvement of 35%.

Published in The Express Tribune, December 18th, 2012.

Low risk, high returns: KSE among best performing bourses in Asia – The Express Tribune

 

[maomao]

Re: Pakistan outperforms global indexes on back of foreign participati

Congrats Pakistan.....however, what is your position on market capitalization?

 

[Blackwater]

Re: Pakistan outperforms global indexes on back of foreign participati

Who knows foreign companies are friendly or foe.

Is there any law emplace to check background foreign investment and companies: