Tuesday, April 28, 2009

Pakistan Tops Emerging Markets for 3-Mo. Returns

The chart above (click to enlarge) displays the most recent 3-month returns for the emerging market stock markets (in local currency) vs. the USA (4.09%), according to data from MSCI Barra. Nineteen of the emerging market indexes are showing double-digit returns for the last three month period.


At 4/29/2009 12:38 PM, Anonymous Brad S said...

Considering who's sitting within 60 miles of Islamabad, and considering that band of miscreants' chances of controlling Paki's nukes, this rate of return for Pakistan's stock market gives a whole new meaning to the maxim "buy when there's blood in the streets."

At 4/29/2009 1:15 PM, Anonymous Riches Among the Ruins said...

Pakistan's glory of being the top emerging market in the last three months has been faded a bit by its four-week long losing streak as Taliban forces frustrated the attempt of Pakistan's army to recapture the Swat Valley; markets and mandrassas don't mix. Read my blog about emerging markets: Riches Among the Ruins blog


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