|Bid||0.00 x 1200|
|Ask||0.00 x 800|
|Day's Range||8.64 - 8.71|
|52 Week Range||7.90 - 13.77|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.74|
|Expense Ratio (net)||0.87%|
The Pakistan country-specific ETF strengthened Monday, with the benchmark KSE 100 Index recording its highest daily gain in two-and-a-half months, on expectations that the United Arab Emirates would increase ...
Pakistan markets and country-specific ETF surged Wednesday after Saudi Arabia provided a "larger than expected" bailout to stabilize the emerging economy. Pakistan stocks rallied, experiencing its best single-day gain on record, after Saudi Arabia provided a $6 billion bailout to support the country's sever account imbalances, Arab News reports. “Pakistan’s stock market today recorded the highest surge in a single session in its entire history thanks to the Kingdom of Saudi Arabia’s much-needed support of $6 billion,” Mohammed Sohail, CEO of Topline Securities, told Arab News, adding that Saudi’s cash and deferred oil facility is far larger than expectations.
Pakistan markets and country-specific ETF retreated Tuesday after the government said it is requesting a bailout from the International Monetary Fund to rein in a ballooning trade deficit and falling foreign exchange reserves. The Global X MSCI Pakistan ETF (PAK) declined 4.4% Tuesday and plummeted 21.0% year-to-date. The new government under Prime Minister Imran Khan promised millions of new jobs and the creation of an “Islamic welfare state,” but it now needs to raise as much as $12 billion to head off what could be an economic meltdown from its widening trade deficit and diminishing forex reserves, the Wall Street Journal reports.
Pakistan country-specific ETFs have been strengthening in recent weeks on a post-election rally and surged Monday, breaking back above its short-term trend line, on reports that China provided a $2 billion loan to bolster the emerging country's foreign-exchange reserves. The Global X MSCI Pakistan ETF (PAK) rose 6.2% Monday and was trading back above its short-term trend line at the 50-day simple moving average. Further supporting the gains, the U.S. dollar depreciated 5.4% against the Pakistan rupee currency to PKR121.645 Monday, paring a downward trend this year after Pakistan's central bank devalued the rupee four times since December, weakening the currency by over 20%.