Karachi: In the current financial year, the Pakistan Stock Exchange ranks fifth among the best performing markets in the world.
Compared with the world’s best-performing stock market since July 1, 2020, the Pakistan Stock Exchange ranked fifth. According to statistics, the Pakistan Stock Exchange has grown by 34% in this fiscal year.
Analysts said that during the pandemic, the State Bank of Pakistan (SBP) lowered interest rates to boost the economy, which led to the growth of industrial production and the index of the Pakistan Stock Exchange.
Among other stock markets in the world, the Sri Lankan stock market ranked first in performance with the index rising 51%, followed by the Indian stock market, which rose 45%, and the Vietnamese stock market, which rose 37%. Abu Dhabi ranked fourth with 34%, Indonesia ranked sixth with 27%, and S&P ranked seventh in the world with 26% growth.