equity market: In the past year, Pakistan's equity market beat those of China and India by a wide margin, according to Global Times China. Pakistan's was up 16 percent, whereas China's and India's were negative for the year. Investor sentiment is increasingly bullish. In 2017, the market is expected to see more than half a dozen new IPOs, while optimistic analysts anticipate the benchmark index advance to cross 55,000 points, which would potentially generate a yield of 17-21 percent. And yet, competitiveness index rankings, which tend to measure past success, do not always explain market movements, which are based on future projections. Since competitiveness does not seem to explain Pakistan's market success, Forbes attributes it to the country's role as a frontier market, the inflow of Chinese investment, the World Bank's support and recent acquisitions.
(news.financializer.com). As
reported in the news.
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