|Bid||7.01 x 800|
|Ask||7.56 x 1200|
|Day's Range||7.31 - 7.46|
|52 Week Range||7.00 - 12.40|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.90|
|Expense Ratio (net)||0.87%|
Following a first-quarter rebound for U.S. equities, the absence of a trade deal certainly pumped the brakes on a sustained rally in the second quarter. Certain exchange-traded funds (ETFs) were able to ...
The Pakistan country-specific ETF stood out Wednesday, rallying on reports that government-backed financial institutions will prop up liquidity in the South Asian market. Among the best performing non-leveraged ...
Many corners of the market have seen rough trading while a few still stand tall. Below, we have highlighted ETFs from the best and worst zones at the halfway mark in Q2.
Flows into India’s stock market and currency are showing some signs of waning investor confidence, according to BNY Mellon chief currency strategist Simon Derrick.
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%.