The Pakistan Stock Exchange (PSX) has been declared as one of the best performing stock market of Asia. Moreover, it has also become the fourth best-performing market across the world in 2020. One of the key factors for PSX’s excellent performance was the manner in which Pakistan successfully dealt with the COVID-19 crisis.
Also Read:- Pakistan Stock Exchange all set and functioning normally in challenging circumstances
According to a report by (MarketCurrentsWealthNet):-
“Pakistan’s stock market has become the best performer in Asia and the fourth-best-performing stock market in the world,” according to the report, titled Denmark and Pakistan: the surprising stock markets that outperformed in 2020. 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,” it added.
The report stated, “With the pandemic dwindling down and the reopening of business hubs across Pakistan, the PSX has defied odds and come out stronger. The stock exchange is Asia’s best performing market, up by 30% since March 2020.”
Pakistan Stock Exchange (PSX) also crossed the volume of 1 bn shares traded in a single day. The last time such trading volumes were witnessed was 11 years ago.
Previously, the Pakistan Stock Exchange was named as Asia’s best performer back in 2016.
Fahad is an entrepreneur and a marketing enthusiast who loves to write on trending topics. He loves travelling & playing tennis is what he does in his leisure time. He tweets @fahad164.
Email:- fahad164@gmail.com , fahad@themediaparadigm.com
