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PAK - PAK: Attractive Market Yields Are Around The Corner
Global X MSCI Pakistan
Pakistan's KSE 100 index has advanced to the highest level in seven months. This bullish trend has come after the market has been under a bearish spell for the last five years. Further, the spike in the equity returns has come as the bond yields have begun to fall after peaking at ~14 percent. Thus, making the debt market relatively less attractive.
Global X Funds - Global X MSCI Pakistan (PAK) is, as of this writing, trading at the NAV of $7.31 with the P/E ratio of 7.20 and P/B ratio of 1.00.