Bilal Raza
Prime Minister (20k+ posts)
Karachi: The JS Global Capital, a leading investment bank, has appreciated Pakistan’s Market Strategy in its recently released report.
According to the report, “The quintessential behavior of Pakistan’s equity market has time and again exceeded the wildest expectations of those who have dared to dream!”
The report further added, “With regards to valuations, Pakistan’s market capitalization to GDP and free float to M2 ratios are both well below their 10-year averages. A simple mean reversion would land the benchmark index at 50,000! Coincidentally, real returns that the index would provide at this level match the 20-year-averages.”
On Friday, December 27, 2019, the KSE-100 index closed at 40,848.53 points. If the KSE-100 index increases up to 50,000 by the end of 2020, the investors would get a return of 22.4% for one year.
If the KSE-100 index increases up to 60,000 by the end of the year 2021, in that case, the investors, who remain invested in the stock market for the next two years would earn an average investment of approximately 21.2% per year.
Investors in the Pakistan Stock Exchange who remained invested and did not engage in panic selling during slumps, have earned significant returns over the past two decades.
PSX 100-index may hit 60,000 mark by 2021: JS Global Capital - GNN HD News
Karachi: The JS Global Capital, a leading investment bank, has appreciated Pakistan’s Market Strategy in its recently released report.
gnnhd.tv
