Pakistan best performing Asian stock market in July

[K-Xeroid]

Pakistan best performing Asian stock market in July

KARACHI: The Karachi stock market stands out as the best performing Asian stock market in July 2012 as per measured by MSCI Indices despite ongoing political issues and ratings’ downgrade by Moody’s, it was learnt on Wednesday.

The better foreign flows, improving Pak-US relations and easing inflation helped Pakistan equities in July to outperform Asian Emerging and Frontier markets tracked by MSCI.

With continued headwinds in the Euro zone and uncertain global economic growth, all leading MSCI Indices remained almost flat in the month of July 2012. MSCI World posted 1.2 percent return while MSCI Emerging and MSCI Frontier markets posted a return of 1.6 percent and 0.9 percent.

Pakistan’s market, on the other hand, during the outgoing month outperformed all regional markets. Among 12 Asian countries tracked by MSCI, Pakistan posted highest US dollar return of 5.6 percent beating all other regional markets that posted a return ranging from negative 9.0 percent to 4.0 percent. India and China, the two leading markets posting negative returns of 1.1 percent and 4.4 percent, respectively.

Pakistan’s performance relative to other Asian Frontier Markets was far better with all posting negative returns.

The local benchmark Karachi Stock Exchange 100-share index was up 5.6 percent whereas Sir Lanka, Vietnam and Bangladesh posted a negative returns of 0.4 percent, 2.0 percent and 8.9 percent, respectively.

So far in 2012 Pakistan is the second best performing market in Asia while it is top performing in Asian Frontier Markets. During the year, the benchmark index posted a gain of 22 percent in dollar terms only to be beaten by Philippines that posted a return of 27 percent.

Compared to foreign net selling of $109 million (excluding Hubco deal of $40 million) in the month of June 2012, foreigners in Pakistan turned net buyers of $30 million (gross buy $64 million, gross sell $33 million) in the month of July.

So far in 2012, foreigners have bought $540 million worth of shares while sold $541 million value of shares, thus resulting in net selling of $1 million.

Daily Times - Leading News Resource of Pakistan

 

[Fred]

Best Of Luck Pakistan & Keep on doing the Good Work

 

[Icarus]

Encouraging news, thanks OP.

 

[K-Xeroid]

Encouraging news, thanks OP.

My pleasure ..
I tried to inform same few days ago in my previous thread , ,
http://www.defence.pk/forums/world-...rging-markets-index-enjoys-4-5-gain-year.html
This thread have lot to do with it.

 

[Peaceful Civilian]

Good news. I hope, it will improve in future. Political stability is also good for us.
We need to catch the same PACE as it was in 2004-2005

 

[livingdead]

Stock market performance for a month is neither good nor bad news, unless there is underlying reason to support it. Otherwise its just speculation.

 

[Windjammer]

Stock market performance for a month is neither good nor bad news, unless there is underlying reason to support it. Otherwise its just speculation.

http://www.defence.pk/forums/economy-development/199583-pakistan-stocks-close-four-year-high.html

 

[SamranAli]

Stock market performance for a month is neither good nor bad news, unless there is underlying reason to support it. Otherwise its just speculation.

according to indian members Pakistan is failed state.

 

[livingdead]

according to indian members Pakistan is failed state.

I did not say that.
I was pointing stock market performance is non news (coz we are not investors or traders), but easing of inflation in pakistan is a news.

 

[Foo_Fighter]

Hey this is good news... congrats to Pakistani brothers, this is indeed and achievement for you and the whole South West region.

Hope we will compete on these kind of success more which brings the actual peace and stability to the counties.

according to indian members Pakistan is failed state.

Sir, I believe hinduguy post clearly reflects his opinion on stock market movement and nowhere in this thread or he himself mentioned Pakistan as a failed state. Why are you initiating hatred to a good news which is good for all of us? do you really want now both the communities to go and start yapping on each other's poverty and failures and tear the clothes?

 

[Splurgenxs]

according to indian members Pakistan is failed state.

what he said was not a pun.

Stocks and there rise and fall are a representation of market sentiments regarding the trading conglomerate affiliated to the target company.

Stock market consist of indices of all major companies of a country ,if the stock market rises tht the average trend over all companies combined is positive.
This can mean that out of a 100, only 10 companies are carrying the stocks on there rally, or all of the member companies are working on an equal lvl. Hence the average.

Having said this Stock are not a representation of growth, but of sentiments that stem form speculation,policy action and false or true rumors,

if exceptions aren't met they fall as fast as they come up.

 

[Pakistanisage]

Wrong title for the thread. It is not Pakistan Stock market. It is Karachi Stock Exchange.....

There is also a stock exchange in Lahore and another in Islamabad.

 

[K-Xeroid]

Stock market performance for a month is neither good nor bad news, unless there is underlying reason to support it. Otherwise its just speculation.

Plz read the article Correctly,

So far in 2012 Pakistan is the second best performing market in Asia while it is top performing in Asian Frontier Markets. During the year, the benchmark index posted a gain of 22 percent in dollar terms only to be beaten by Philippines that posted a return of 27 percent.

Its clearly mentioned that Pakistan Have been rated top among frontier market and second best performing market of Asia. Even Russell index have mentioned that Pakistan and Vietnam are clearly on edge in Frontier markets, Plus this month have gone exceptionally well , As we managed to gain the trust of many foriegn stake holders. its not just about KSE index , LSE index have also done superb aswell, and results are in front of you.

 

[Karachiite]

Great news. I know many people that have amassed fortunes just by investing in KSE.

 

[bobbybabu007]

the golden rule in the trade market is "what goes up comes down..."

Look at the Indian markets which out-performed the chinese for a while( when Mukesh Ambani and then later Anil Ambani became the richest people in the world). It is good news anyway, but keeping it good is the most challenging.....

Best of luck, Pakistan .........