In 2016, the KSE-100 was Asia’s best-perfor­ming indexKARACHI: If you were a stock market investor or fund manager vested in Pakistan’s stock market in 2017, you would be glad the year is over today. The year was the worst one for the PSX since the financial crisis enveloped global equity markets in 2008. In terms of numbers, the market capitalisation dropped to $73.5 billion, wiping off $21 billion from the stock market from the all-time high. Average daily traded volumes at the PSX were down by 16% to 236 million shares, while average daily traded value was marginally up 3% to $115 million in 2017. Pakistan’s stock market: from Asia’s best to Asia’s worstWhen all is said and done, projections don’t really work, especially when you are studying Pakistan.

Source: The Express Tribune January 01, 2018 04:17 UTC