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The Economist Blog: How did Karachi get a world-beating stock exchange?

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Isn't the KSE too puny to be compared to the major markets of the world. I mean, as per the Economist the market cap is USD 52.7 billion. Meanwhile, the NYSE has a market cap of nearly 20 Trillion, Tokyo Stock Exchange has a market cap of about 4 trillion, LSE - 3 trillion, Shanghai - 3.6 trillion and the BSE has a market cap of 1.4 trillion.

Apples and oranges, maybe?!
 
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