Low risk, high returns: KSE among best performing bourses in Asia

Karachi bourse jumped 43% to Rs4.2 trillion during the year.


Our Correspondent December 17, 2012

KARACHI:


Pakistan’s stock market has been one of the best performing in Asia in the calendar year 2012 and this comes despite unresolved issues like a decelerating economy, power shortages and security concerns.


In a report issued by brokerage house Topline Securities on Monday, it said the benchmark Karachi Stock Exchange 100-share index rose a startling 48% in local currency and 37% in dollar terms in the outgoing year, with only nine trading sessions left.

Major boost to equities came from declining interest rates that came down by 450 basis points in the last 18 months (250 bps in 2012). Resolution of capital gains tax-related issues, improved foreign flows in equities, rising consumerism, better corporate earnings and relative calmness on political scenario also supported the share prices.

Topline said the market worth of the Karachi bourse jumped 43% to Rs4.2 trillion during the year. However, in dollar terms the market capitalisation was still down 42% from its peak of $75 billion reached on April 18 this year.

Commenting on the volume, the brokerage house said average daily traded value stood at Rs4.7 billion in 2012 compared to Rs3.5 billion in 2011, an improvement of 35%.

Published in The Express Tribune, December 18th, 2012.

 

COMMENTS (2)

Bilal Moti, Arif Habib Ltd | 11 years ago | Reply Lao maal. Aur KASB 100 points ki mandi ki reports nikal raha hai.
PakPower | 11 years ago | Reply

Just imagine where KSE would be after these crises are dealt with! It will be one of the best performing stock exchanges in the WORLD!

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