Pakistan index promotion, GDP rally a winning combo for equity investors

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Improved economic, political climate underpins GDP rally.
LONDON (Reuters) – A stock market boom and five percent economic growth are helping Pakistan to find favour among international investors and its re-entry next year into a widely used emerging equity index could cement the rally.

For years Pakistan has traded at a chunky discount to its neighbour India and other emerging peers, hampered by a reputation for economic chaos and security issues. But Karachi , currently designated a “frontier” market, is now less than a year off re-joining MSCI’s emerging market index.

2016-09-06

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