PSX is Outperforming S&P500 and India’s Sensex

The benchmark  KSE-100 index has outperformed the S&P500 and India’s Sensex in the past 10 years. Mattias Martinsson, who is one of Scandinavia’s leading emerging market pioneers, and a partner at Tundra Fonder, posted on LinkedIn, “We haven’t talked much about #Pakistan lately. Post a 100% bounce from the bottom there are less cries about armageddon from foreign strategists. Those who know us also know that our long-term case for Pakistan has never been about an imminent revaluation, impressive reforms, or similar. But simply that corporates are resilient throughout crises and over time have outgrown almost all emerging markets peers (including #India), in USD”. He said the benchmark index has demonstrated a compound annual growth rate (CAGR) of 9.2 percent in USD terms over the past 10 years. This surpasses the S&P 500, which recorded a CAGR of 6.6 percent, and India’s Sensex, which matched the S&P at 6.6 percent over the same period. “We are still waiting for the imminent collapse in profits,” he added.