Pakistan Stock Exchange ranks fifth among world's best performing markets
Last updated on: 20 February,2021 04:40 pm
Pakistan Stock Exchange ranks fifth among world's best performing markets
KARACHI (Dunya News) - So far in the current financial year, Pakistan Stock Exchange is ranked fifth among the best performing markets in the world.
Compared to the world’s best performing stock markets since July 1, 2020, the Pakistan Stock Exchange is ranked fifth. According to the statistics, Pakistan Stock Exchange rose by 34% in the current financial year.
According to analysts, the State Bank of Pakistan (SBP) cut interest rates to boost the economy during the pandemic, which led to an increase in industrial production as well as the Pakistan Stock Exchange index.
Among other stock markets in the world, Sri Lanka’s stock market ranked first in terms of performance, with the index rising 51%, followed by the Indian stock market with a 45% increase, and Vietnam’s stock with a 37% increase. Abu Dhabi was at fourth place with 34%, Indonesia at sixth place with 27% and S&P was the seventh best performing market in the world with 26% increase.