Pakistan Stock Exchange Becomes Asia’s Best Market: This is Unbelievable

 Pakistan Stock Exchange Becomes Asia’s Best Market: This is Unbelievable

Pakistani awam got thundering revelations of Pakistan kay Maashi Halaat behter ho rahay hain..yeah do not get shocked the facts are proving the news. Pakistan Stock Exchange Becomes Asia’s Best Market: This is Unbelievable.

The Pakistan Stock Exchange (PSX) has been declared Asia’s best-performing market, a development local economist view as a signal that the country’s otherwise astringent economy is recuperating. So, if it is happening, who the sick will not be happy. Published the Report

A New York-based global markets research firm announced the factual details of its report on Tuesday. According to the report, titled Denmark and Pakistan: the surprising stock markets that outperformed in 2020.

“Pakistan’s stock market has become the best performer in Asia and the fourth-best-performing stock market in the world. PSX benchmark KSE-100 index has given a return on investment of 38.5% in dollar terms as foreign capital has been flowing into the market after the yield on the nation’s bond fell below double digits.

Hitherto, the Pakistan Stock Exchange had been VALUED as Asia’s best performer in 2016. That was undoubtedly an encouraging moment, and now in 2020 report is conferring astonishing upgrading.

Mohammed Sohail, a Karachi-based economist, ratified the report

The economist regarded the development as a stimulating signal for the country’s doddering economy. Sohail, the head of a leading brokerage firm, told Anadolu Agency.

“This is a signal that the recovery of the country’s economy is underway, “unexpected” success in the battle against the novel coronavirus pandemic, followed by a government economic stimulus package and the low base effects of the previous two years were the key reasons behind the development. At a time when most of the world is still grappling with COVID-19 and its effects on the economy, normalcy has almost returned to Pakistan, which is further underpinned by an economic stimulus package, mainly for the industrial and construction sectors.”

Pakistan Stock Exchange Becomes Asia’s Best Market: This is Unbelievable

Government’s Moves have push stock exchange more than 50 % than preceding years!

Sohail added,

“This time [after 2016] the development is more significant because it has performed well at a time when global economies are struggling to cope with the negative effects of a global pandemic.”

The country of around 220 million population has so far reported over 296,000 positive cases of COVID-19 with more than 6,300 deaths. In the chaotic news values a lot.

Appreciation is being garnered on all levels, but the public of Pakistan is traumatized by overwhelming and exorbitant prices. People want strategical improvement on year on year disaster of Monsoon rains that made Karachi, the city underwater. Innocent people can not comprehend index race they just know how much they are eased and facilitated.

Also Read: PTA has Banned Tinder and Other Dating Apps in Pakistan for Indecent Content

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