Pakistan Stock Exchange (PSX) has topped Bloomberg’s “Best Performing Equity index 2016” in Asian markets. Globally, PSX has been ranked 5th best-performing stock exchange with 43.05 percent gain in 2016.
Bloomberg L.P is a US-based private firm which provides financial information and insights to the companies. Bloomberg has released a list of ‘Best and Worst Performing Assets 2016’. The rankings were made on the basis of currencies, equities, commodities and bonds.
Despite the unrest in Brazil, Brazil Stock Exchange topped the list with a gain of 63.36%. Kazakhstan, Peru and Russia stock markets were second, third and fourth respectively. Nigeria’s ratings were worst with -41.40 percent.
Karachi 100 Index has been ranked 5th in World’s Equity Indices. From local currency point of view, Pakistan’s stock exchange was in 6th position with 45.25 percent increase in 2016.
PSX provides a reliable, liquid and efficient digitized marketplace where investors can buy and sell common stocks of listed companies and other securities. Karachi, Lahore and Islamabad stock exchanges were integrated into PSX in 2012. More than Rs. 1,100 billion has been raised in equity and debt in the last ten years from the Exchange by the listed companies.
PSX 5 years progress report