PSX ranked second worst stock market after bullish 2016
Hong Kong market recorded the high trend in the list with at least 30 percent addition to value
KARACHI (Dunya News) – Pakistan Stock Exchange is ranked second on a list of the worst performing markets of world after it was ranked among the best in Asia last year in 2016.
According to the list, Qatar stock exchange is ranked the worst of all the markets which has lost some 22 percent value of its shares and Pakistan comes second with 14 percent loss.
Contrary to 2017, PSX had regained trust of the investors in 2016 by giving them over 50 percent profits. In the current year, 100 index crossed the benchmark 5,876 points on May 24th however, political uncertainty and strict measures taken by Securities and Exchange Commission of Pakistan added to break the bullish trends.
Owing to the downward move, investors were seen inclined towards selling the shares and were not so much on the buying side.
Hong Kong stock market recorded the high trend in the list with at least 30 percent addition to its shares value.
