The benchmark index with the plate number 1 has outperformed both the S&P500 and India’s Sensex over the past 10 years. Mattias Martinsson, a partner at Tundra Fonder and one of Scandinavia’s leading emerging market pioneers, shared on LinkedIn, “We haven’t talked much about #Pakistan lately. Post a 100% bounce from the bottom, there are fewer concerns from foreign strategists about armageddon.
Those who know us also understand that our long-term case for Pakistan has never been about an imminent revaluation or impressive reforms, but simply that corporates are resilient throughout crises and have outgrown almost all emerging markets peers (including #India) in USD.
He mentioned that the benchmark index has shown a compound annual growth rate (CAGR) of 9.2 percent in USD terms over the past 10 years, surpassing the S&P 500’s CAGR of 6.6 percent and matching India’s Sensex at 6.6 percent over the same period.
