Pakistani Stock Market Still Offers Great Value After Stellar Performance in 2016
From the Blog riazhaqPakistan's KSE-100 continues to offer attractive valuations for investors in 2017. Its equities are trading at a forward price-earnings ratio of just 9.1, according to Pakistani brokerage firm Arif Habib Limited. Pakistani shares are on offer at a deep discount to the Indian shares trading at 17.3 price-earnings multiple. While India's stock market is among the world's most expensive, the Pakistani market is among the cheapest. Pakistani shares are now trading at 47.3% discount to Indian shares. In spite KSE-100's major run up of 46% in 2016, far outpacing India's Sensex's 2.57% rise and MSCI emerging market's 8.42% increase, Pakistani equities (PE ratio 9.1) are still cheaper than Asian emerging markets (12.1) and China (11.9), according to published data. Pakistani sharespakistanblogs.blogspot.comRead Full Post
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