Pakistan looking lively as Asia's best performing stock market

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Pakistan looking lively as Asias best performing stock market
The KSE100 peaked at 41,464.41 this Friday and is about to reach new record.

Published: Fri 21 Oct 2016, 3:00 PM

Last updated: Fri 21 Oct 2016, 10:02 PM

If you're looking to invest into a country that's continuously on the rise in the stock market, look no further than Pakistan. Recent data shows that Pakistan is leading the pack of frontier markets and members of the emerging group markets that it will join next year.
It was a well-deserved call for Pakistan that in 2009 was reduced to frontier market status due to the introduction of curbs against sell orders. South Asia's second largest economy only eclipsed by India has seen a huge market boost sometime around June when MSCI Inc. announced that Pakistan would now become part of the emerging market index effective on May 2017.
Formerly known as the Karachi Stock Exchange, the Pakistan Stock Exchange is also looking extremely attractive for international investors. One such figure, Federico Parenti of Base Sicav Emerging and Frontier Markets Equity Fund expressed his interest in accessing the market of Pakistan.
But not all is good news since other investors are also calling out to Pakistan's leaders to implement reforms and further developments so they could take the initiative and maintain their economic growth. 
Leading industries include textile, banking and oil and gas.

By Web Report

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