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equity market

Pakistan’s stock market leaves India in the dust

NEW DELHI/KARACHI: Pakistan's stock market has outperformed the Indian equity market with a huge gap since the beginning of the new century. Indian paper Economic Times cited Bloomberg data as showing that over the past 16 years, the (Morgan Stanley Capital International) MSCI Pakistan index climbed over 14 per cent in dollar terms on a compounded annual growth (CAGR) basis, while the MSCI India index has advanced 8.39 per cent annually during the same period. The KSE100 index of the Karachi Stock Exchange rallied…