Islamabad, Sep 24: Over the last ten years, the benchmark KSE-100 index has beaten both the S&P 500 and the Indian Sensex.
One of Scandinavia’s foremost innovators in emerging markets, Mattias Martinsson, a partner at Tundra Fonder, wrote on LinkedIn, “Recently, we haven’t discussed Pakistan too much. Foreign strategists are less vocal about the impending apocalypse after a 100% recovery from the lowest point.
People who are familiar with us also understand that our long-term argument for Pakistan has never involved striking reforms, an impending revaluation, or anything of the sort. Simply put, though, corporates have outperformed nearly all counterparts in emerging nations (including India) in terms of USD over time and are resilient during crises.
According to him, over the last ten years, the benchmark index has shown a compound annual growth rate (CAGR) of 9.2 percent in USD terms. This exceeds both the S&P 500, which had a CAGR of 6.6 percent, and the Sensex of India, which had a CAGR of 6.6 percent over the same time frame. He continued, “We are still waiting for the impending collapse in profits.”
